https://www.taxtmi.com/caselaws?id=217996 The High Court upheld the validity of the block assessment order, emphasizing procedural irregularities do not invalidate additions but require a remand for correction. The Court disagreed with the Tribunal's cancellation of undisclosed income additions, stating seized documents were sufficient for inferences. The Court nullified the Tribunal's rejection of the presumption under Section 132(4A) based on a retrospective amendment. Procedural lapses were noted, leading to a remand for fresh assessment. The Court dismissed proceedings under Section 158BC due to the absence of a search warrant, deeming them invalid. en-us Thu, 04 Oct 2012 00:00:00 +0530 Mon, 03 Feb 2014 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217996 The High Court upheld the validity of the block assessment order, emphasizing procedural irregularities do not invalidate additions but require a remand for correction. The Court disagreed with the Tribunal's cancellation of undisclosed income additions, stating seized documents were sufficient for inferences. The Court nullified the Tribunal's rejection of the presumption under Section 132(4A) based on a retrospective amendment. Procedural lapses were noted, leading to a remand for fresh assessment. The Court dismissed proceedings under Section 158BC due to the absence of a search warrant, deeming them invalid. Case-Laws Income Tax Thu, 04 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217996