https://www.taxtmi.com/caselaws?id=256408 The High Court set aside a block assessment order under Section 158BB of the Income Tax Act, finding discrepancies in the assessment and the appellant's explanation. The Tribunal's failure to consider the appellant's documented income sources and the unjustified dismissal of the appeal led the High Court to conclude that the assessment order was legally flawed. The court allowed the appeal, directing no costs to be imposed, emphasizing the importance of aligning assessment decisions with taxpayers' explanations and legal provisions. en-us Wed, 10 Dec 2014 00:00:00 +0530 Wed, 11 Feb 2015 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256408 The High Court set aside a block assessment order under Section 158BB of the Income Tax Act, finding discrepancies in the assessment and the appellant's explanation. The Tribunal's failure to consider the appellant's documented income sources and the unjustified dismissal of the appeal led the High Court to conclude that the assessment order was legally flawed. The court allowed the appeal, directing no costs to be imposed, emphasizing the importance of aligning assessment decisions with taxpayers' explanations and legal provisions. Case-Laws Income Tax Wed, 10 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256408