https://www.taxtmi.com/caselaws?id=235537 The Court held in favor of the revenue, overturning the Tribunal's decision. It ruled that the block period for assessment should start from the date of actual receipt of assets by the authorized officer, not the date of issuance of summons. The Court found that technical defects in notices, such as incorrect block periods, were curable under Section 292-B and did not invalidate proceedings if they did not mislead the assessee. The Court emphasized that the assessee's participation in the proceedings without objecting to the notice's validity indicated that the defects did not cause any prejudice. en-us Tue, 09 Jul 2013 00:00:00 +0530 Fri, 26 Jul 2013 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235537 The Court held in favor of the revenue, overturning the Tribunal's decision. It ruled that the block period for assessment should start from the date of actual receipt of assets by the authorized officer, not the date of issuance of summons. The Court found that technical defects in notices, such as incorrect block periods, were curable under Section 292-B and did not invalidate proceedings if they did not mislead the assessee. The Court emphasized that the assessee's participation in the proceedings without objecting to the notice's validity indicated that the defects did not cause any prejudice. Case-Laws Income Tax Tue, 09 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235537