https://www.taxtmi.com/caselaws?id=212409 The High Court of Kerala set aside the Tribunal's common order in connected appeals related to block assessment under Section 158BC of the Income Tax Act. The Court found that the Tribunal failed to properly consider crucial evidence, including the assessment order and statements recorded during the search. It directed the Tribunal to rehear the parties, thoroughly assess the evidence, and make a decision within three months. The Court also suggested the possibility of settlement between the parties for a practical resolution of the matter, emphasizing cooperation and fair dealings in tax assessments and disputes. en-us Tue, 15 Nov 2011 00:00:00 +0530 Sun, 15 Apr 2012 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212409 The High Court of Kerala set aside the Tribunal's common order in connected appeals related to block assessment under Section 158BC of the Income Tax Act. The Court found that the Tribunal failed to properly consider crucial evidence, including the assessment order and statements recorded during the search. It directed the Tribunal to rehear the parties, thoroughly assess the evidence, and make a decision within three months. The Court also suggested the possibility of settlement between the parties for a practical resolution of the matter, emphasizing cooperation and fair dealings in tax assessments and disputes. Case-Laws Income Tax Tue, 15 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212409