https://www.taxtmi.com/caselaws?id=207809 The High Court considered the appeal by the revenue against the ITAT order for block assessment years 1986-87 and 1996-97. The Court allowed the modification of the substantial question of law and directed the matter to be reconsidered in light of the express amendment to section 158BC(b) by the Finance Act, 2002, making section 145(2) applicable to block assessments. The assessment based on material found during the search could not be invalidated solely due to the non-applicability of section 145(2). The matter was remanded for a fresh decision on merits in accordance with the law. en-us Thu, 14 Oct 2010 00:00:00 +0530 Mon, 26 Dec 2011 08:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207809 The High Court considered the appeal by the revenue against the ITAT order for block assessment years 1986-87 and 1996-97. The Court allowed the modification of the substantial question of law and directed the matter to be reconsidered in light of the express amendment to section 158BC(b) by the Finance Act, 2002, making section 145(2) applicable to block assessments. The assessment based on material found during the search could not be invalidated solely due to the non-applicability of section 145(2). The matter was remanded for a fresh decision on merits in accordance with the law. Case-Laws Income Tax Thu, 14 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207809