https://www.taxtmi.com/caselaws?id=237438 The Court dismissed the appeal challenging the block assessment order for the period 01.04.1986 to 23.08.1996 under section 158 BD of the Income Tax Act. The Court upheld the Tribunal's decision, emphasizing the Assessing Officer's jurisdiction for block assessment despite procedural irregularities. The appellant's argument regarding the necessity of the Assessing Officer's satisfaction before initiating proceedings was rejected, and the order for reassessment was deemed valid. The Court's ruling affirmed the legality of the assessment process and the Assessing Officer's authority in conducting block assessments. en-us Fri, 23 Aug 2013 00:00:00 +0530 Fri, 27 Sep 2013 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237438 The Court dismissed the appeal challenging the block assessment order for the period 01.04.1986 to 23.08.1996 under section 158 BD of the Income Tax Act. The Court upheld the Tribunal's decision, emphasizing the Assessing Officer's jurisdiction for block assessment despite procedural irregularities. The appellant's argument regarding the necessity of the Assessing Officer's satisfaction before initiating proceedings was rejected, and the order for reassessment was deemed valid. The Court's ruling affirmed the legality of the assessment process and the Assessing Officer's authority in conducting block assessments. Case-Laws Income Tax Fri, 23 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237438