https://www.taxtmi.com/caselaws?id=71966 The Tribunal ruled in favor of the assessee, canceling the block assessment order. It held that a return filed beyond the prescribed period under section 158BC can still be valid under section 158BFA, and the Assessing Officer must consider such returns for assessment. The Tribunal also determined that the absence of a notice under section 143(2) rendered the assessment order invalid. Consequently, the appeal by the assessee was allowed, and the appeal by the Revenue was dismissed, emphasizing the importance of procedural compliance in the assessment process. en-us Fri, 28 Mar 2008 00:00:00 +0530 Mon, 18 Dec 2023 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71966 The Tribunal ruled in favor of the assessee, canceling the block assessment order. It held that a return filed beyond the prescribed period under section 158BC can still be valid under section 158BFA, and the Assessing Officer must consider such returns for assessment. The Tribunal also determined that the absence of a notice under section 143(2) rendered the assessment order invalid. Consequently, the appeal by the assessee was allowed, and the appeal by the Revenue was dismissed, emphasizing the importance of procedural compliance in the assessment process. Case-Laws Income Tax Fri, 28 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71966