https://www.taxtmi.com/caselaws?id=209607 The High Court ruled in favor of the respondent assessee, holding that the Assessing Officer cannot reassess the same amount as escaped income under Section 147 after it was considered and given up during a block assessment. The Court emphasized that once materials are gathered during a search, the Assessing Officer must choose between a block assessment or income escaping assessment based on those materials, and cannot reassess the same items successively using different provisions of the Act. The Court upheld the Tribunal's decision, dismissing the departmental appeal. en-us Mon, 31 Jan 2011 00:00:00 +0530 Sat, 13 Jul 2013 09:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209607 The High Court ruled in favor of the respondent assessee, holding that the Assessing Officer cannot reassess the same amount as escaped income under Section 147 after it was considered and given up during a block assessment. The Court emphasized that once materials are gathered during a search, the Assessing Officer must choose between a block assessment or income escaping assessment based on those materials, and cannot reassess the same items successively using different provisions of the Act. The Court upheld the Tribunal's decision, dismissing the departmental appeal. Case-Laws Income Tax Mon, 31 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209607