https://www.taxtmi.com/caselaws?id=327898 In block assessment proceedings, the commentary explains that a delayed return filed close to the assessment deadline may make issuance of notice under section 143(2) impracticable, so non-issuance does not necessarily invalidate the assessment. It also notes that loose sheets seized in search can qualify as relevant documents, and statements recorded under section 132(4) may be used in later proceedings. A subsequent retraction is treated as ineffective where surrounding circumstances, including disclosure of undisclosed income, support the original statement and the seized material. On this analysis, the assessment and additions were sustained. en-us Wed, 17 Feb 2016 00:00:00 +0530 Sat, 21 May 2016 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327898 In block assessment proceedings, the commentary explains that a delayed return filed close to the assessment deadline may make issuance of notice under section 143(2) impracticable, so non-issuance does not necessarily invalidate the assessment. It also notes that loose sheets seized in search can qualify as relevant documents, and statements recorded under section 132(4) may be used in later proceedings. A subsequent retraction is treated as ineffective where surrounding circumstances, including disclosure of undisclosed income, support the original statement and the seized material. On this analysis, the assessment and additions were sustained. Case-Laws Income Tax Wed, 17 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327898