https://www.taxtmi.com/caselaws?id=258524 The Court dismissed the appeal challenging the block assessment order under the Income Tax Act, 1961 for the period April 1996 to January 2003. The Tribunal found the principal condition for invoking the provisions of section 158BD was not satisfied, rendering the block assessment void ab initio. The Tribunal's decision did not address the merits of the addition made by the Assessing Officer but focused on the lack of jurisdiction under section 158BD. The Court held that the Tribunal's decision did not prejudice the Revenue's ability to tax the amounts through other legal avenues, thus dismissing the appeal for lacking merit. en-us Mon, 30 Mar 2015 00:00:00 +0530 Sun, 12 Apr 2015 12:46:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258524 The Court dismissed the appeal challenging the block assessment order under the Income Tax Act, 1961 for the period April 1996 to January 2003. The Tribunal found the principal condition for invoking the provisions of section 158BD was not satisfied, rendering the block assessment void ab initio. The Tribunal's decision did not address the merits of the addition made by the Assessing Officer but focused on the lack of jurisdiction under section 158BD. The Court held that the Tribunal's decision did not prejudice the Revenue's ability to tax the amounts through other legal avenues, thus dismissing the appeal for lacking merit. Case-Laws Income Tax Mon, 30 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258524