https://www.taxtmi.com/caselaws?id=327640 The Tribunal dismissed the validity of the block assessment order and addressed the double taxation issue by ruling that the amount already taxed in the regular assessment could not be included in the block assessment to prevent double taxation. The Tribunal emphasized the mandatory levy of interest under section 158BFA of the Act and allowed the appeal partly for statistical purposes, directing the CIT(Appeals) to adjudicate the issues in accordance with the law. The judgment underscored the importance of preventing double taxation and upheld the legal principles governing appellate powers. en-us Wed, 06 Apr 2016 00:00:00 +0530 Fri, 13 May 2016 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327640 The Tribunal dismissed the validity of the block assessment order and addressed the double taxation issue by ruling that the amount already taxed in the regular assessment could not be included in the block assessment to prevent double taxation. The Tribunal emphasized the mandatory levy of interest under section 158BFA of the Act and allowed the appeal partly for statistical purposes, directing the CIT(Appeals) to adjudicate the issues in accordance with the law. The judgment underscored the importance of preventing double taxation and upheld the legal principles governing appellate powers. Case-Laws Income Tax Wed, 06 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327640