https://www.taxtmi.com/caselaws?id=210879 The court dismissed the Revenue's appeal regarding the validity of proceedings under section 158BD of the Income-tax Act for a block period. It was found that the timing of satisfaction recorded by the Assessing Officer was crucial, and in this case, it was deemed invalid as it occurred after the completion of block assessment proceedings for another group. The court emphasized the importance of recording satisfaction within the prescribed period and upheld the decision that no substantial question of law arose in interpreting the relevant sections of the Act. en-us Tue, 19 Jul 2011 00:00:00 +0530 Sat, 15 Dec 2012 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210879 The court dismissed the Revenue's appeal regarding the validity of proceedings under section 158BD of the Income-tax Act for a block period. It was found that the timing of satisfaction recorded by the Assessing Officer was crucial, and in this case, it was deemed invalid as it occurred after the completion of block assessment proceedings for another group. The court emphasized the importance of recording satisfaction within the prescribed period and upheld the decision that no substantial question of law arose in interpreting the relevant sections of the Act. Case-Laws Income Tax Tue, 19 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210879