https://www.taxtmi.com/caselaws?id=118834 The Tribunal allowed the revenue's appeal, reversing the CIT(A)'s findings and remanding the matter back to the CIT(A) to decide the additions on merits, specifically whether the provisions of section 145 were rightly invoked by the AO and if the estimation made was proper. The Tribunal emphasized that an item of income can only be taxed once, either in block or regular assessment, and if finally assessed in block assessment, it cannot be considered in regular assessment. en-us Thu, 08 Sep 2005 00:00:00 +0530 Fri, 06 Jul 2012 11:44:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118834 The Tribunal allowed the revenue's appeal, reversing the CIT(A)'s findings and remanding the matter back to the CIT(A) to decide the additions on merits, specifically whether the provisions of section 145 were rightly invoked by the AO and if the estimation made was proper. The Tribunal emphasized that an item of income can only be taxed once, either in block or regular assessment, and if finally assessed in block assessment, it cannot be considered in regular assessment. Case-Laws Income Tax Thu, 08 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118834