https://www.taxtmi.com/caselaws?id=343668 The court quashed the notices issued under Section 148 of the Income Tax Act, deeming them impermissible during the pendency of block assessment proceedings. It held that parallel proceedings under Section 147 while block assessment proceedings were ongoing were not permissible. The Supreme Court's decision allowing the block assessment proceedings to continue had a significant impact. The Income Tax Settlement Commission accepted the settlement applications, and the court left it to the ITSC to further examine the block assessment proceedings. The petition was disposed of with no costs awarded. en-us Thu, 25 May 2017 00:00:00 +0530 Sat, 18 Nov 2017 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343668 The court quashed the notices issued under Section 148 of the Income Tax Act, deeming them impermissible during the pendency of block assessment proceedings. It held that parallel proceedings under Section 147 while block assessment proceedings were ongoing were not permissible. The Supreme Court's decision allowing the block assessment proceedings to continue had a significant impact. The Income Tax Settlement Commission accepted the settlement applications, and the court left it to the ITSC to further examine the block assessment proceedings. The petition was disposed of with no costs awarded. Case-Laws Income Tax Thu, 25 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343668