https://www.taxtmi.com/caselaws?id=250539 The court dismissed the petitions challenging the notices issued under Section 158BD of the Income-tax Act. It ruled that the initiation of block assessment proceedings was legally justified based on substantial material evidence of undisclosed income linked to the petitioners. The court found no error in the Assessing Officer's satisfaction, supported by evidence from a search and statements connecting the undisclosed income to the petitioners. The interim relief was vacated, and the petitions were dismissed without costs. en-us Wed, 30 Jul 2014 00:00:00 +0530 Fri, 14 Aug 2015 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250539 The court dismissed the petitions challenging the notices issued under Section 158BD of the Income-tax Act. It ruled that the initiation of block assessment proceedings was legally justified based on substantial material evidence of undisclosed income linked to the petitioners. The court found no error in the Assessing Officer's satisfaction, supported by evidence from a search and statements connecting the undisclosed income to the petitioners. The interim relief was vacated, and the petitions were dismissed without costs. Case-Laws Income Tax Wed, 30 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250539