https://www.taxtmi.com/caselaws?id=71916 The Tribunal allowed the appeal of the assessee, annulling the order of assessment under section 158BD. It was held that initiating separate proceedings against the same assessee for the same cause of action was impermissible. The Tribunal found the proceedings under section 158BD to be legally flawed as the conditions for invoking that section were not met. The Revenue's failure to tax any sum under section 158BC could not justify assessment under section 158BD. Consequently, the Tribunal ruled in favor of the assessee on the validity of the order passed under section 158BD, leading to the dismissal of other grounds of appeal. en-us Fri, 14 Mar 2008 00:00:00 +0530 Tue, 07 Aug 2012 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71916 The Tribunal allowed the appeal of the assessee, annulling the order of assessment under section 158BD. It was held that initiating separate proceedings against the same assessee for the same cause of action was impermissible. The Tribunal found the proceedings under section 158BD to be legally flawed as the conditions for invoking that section were not met. The Revenue's failure to tax any sum under section 158BC could not justify assessment under section 158BD. Consequently, the Tribunal ruled in favor of the assessee on the validity of the order passed under section 158BD, leading to the dismissal of other grounds of appeal. Case-Laws Income Tax Fri, 14 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71916