https://www.taxtmi.com/caselaws?id=209944 A block assessment under Chapter XIV-B cannot be sustained without satisfaction of the statutory preconditions for invoking Section 158BC or, where another person's undisclosed income is concerned, Section 158BD. The text notes that the search warrant was issued in another concern's case, no warrant existed in the assessee's name, and the assessee was not a partner in the searched firm at the relevant time. It also states that no seized books or materials were handed over to the Assessing Officer having jurisdiction over the assessee, so the transfer requirement for Section 158BD was not met. On those facts, direct block assessment was not maintainable. en-us Wed, 27 Jul 2011 00:00:00 +0530 Mon, 08 Jul 2013 09:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209944 A block assessment under Chapter XIV-B cannot be sustained without satisfaction of the statutory preconditions for invoking Section 158BC or, where another person's undisclosed income is concerned, Section 158BD. The text notes that the search warrant was issued in another concern's case, no warrant existed in the assessee's name, and the assessee was not a partner in the searched firm at the relevant time. It also states that no seized books or materials were handed over to the Assessing Officer having jurisdiction over the assessee, so the transfer requirement for Section 158BD was not met. On those facts, direct block assessment was not maintainable. Case-Laws Income Tax Wed, 27 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209944