https://www.taxtmi.com/caselaws?id=151717 The Tribunal dismissed the appellant's challenge regarding the addition of Rs. 10 lakhs on account of two Fixed Deposit Receipts (FDRs) and the legality and time limitation of the block assessment order passed under sections 158BC and 144 of the Income-tax Act. The Tribunal held that section 153(2A) applies to block assessments, rejecting the appellant's argument on the limitation period. Additionally, the Tribunal emphasized that section 153(2A) prescribing the period for set-aside assessments under various sections applies to block assessments as well, ultimately dismissing the challenge on the legality and time limitation of the block assessment order. en-us Fri, 20 Apr 2007 00:00:00 +0530 Thu, 13 Jun 2013 15:55:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151717 The Tribunal dismissed the appellant's challenge regarding the addition of Rs. 10 lakhs on account of two Fixed Deposit Receipts (FDRs) and the legality and time limitation of the block assessment order passed under sections 158BC and 144 of the Income-tax Act. The Tribunal held that section 153(2A) applies to block assessments, rejecting the appellant's argument on the limitation period. Additionally, the Tribunal emphasized that section 153(2A) prescribing the period for set-aside assessments under various sections applies to block assessments as well, ultimately dismissing the challenge on the legality and time limitation of the block assessment order. Case-Laws Income Tax Fri, 20 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151717