https://www.taxtmi.com/caselaws?id=201634 The High Court allowed the appeal, set aside the Tribunal's order, and remanded the matter back to the Tribunal for a fresh decision after emphasizing the importance of considering all relevant materials and evidence in making assessments. The Court highlighted that sworn statements recorded under section 132(4) are valid evidence for assessment purposes and that the Tribunal's decision to cancel the block assessment solely based on one seized document was improper. The directive was issued to dispose of the appeal within three months. en-us Thu, 26 Nov 2009 00:00:00 +0530 Sat, 29 Dec 2012 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201634 The High Court allowed the appeal, set aside the Tribunal's order, and remanded the matter back to the Tribunal for a fresh decision after emphasizing the importance of considering all relevant materials and evidence in making assessments. The Court highlighted that sworn statements recorded under section 132(4) are valid evidence for assessment purposes and that the Tribunal's decision to cancel the block assessment solely based on one seized document was improper. The directive was issued to dispose of the appeal within three months. Case-Laws Income Tax Thu, 26 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201634