https://www.taxtmi.com/caselaws?id=244062 The case centered on the interpretation of section 158BC(b) regarding the applicability of section 143(2) in block assessment proceedings. The Tribunal ruled that the phrase 'so far as may be' in section 158BC(b) made the application of section 143(2) optional, raising a question of legal correctness. Citing the Supreme Court precedent in Hotel Blue Moon, it emphasized the necessity of issuing a notice under section 143(2) for jurisdiction in block assessments. As the notice was not issued in this case, the assessing authority lacked jurisdiction, leading to the dismissal of the income tax appeal. en-us Thu, 15 Dec 2011 00:00:00 +0530 Mon, 17 Feb 2014 20:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244062 The case centered on the interpretation of section 158BC(b) regarding the applicability of section 143(2) in block assessment proceedings. The Tribunal ruled that the phrase 'so far as may be' in section 158BC(b) made the application of section 143(2) optional, raising a question of legal correctness. Citing the Supreme Court precedent in Hotel Blue Moon, it emphasized the necessity of issuing a notice under section 143(2) for jurisdiction in block assessments. As the notice was not issued in this case, the assessing authority lacked jurisdiction, leading to the dismissal of the income tax appeal. Case-Laws Income Tax Thu, 15 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244062