https://www.taxtmi.com/caselaws?id=348542 The Supreme Court dismissed the appeal challenging the validity of proceedings under Section 132 of the Income Tax Act. The Court upheld the block assessment for the period in question, rejecting the appellant's explanation for the cash found by authorities. The amendment in Section 132A was highlighted, emphasizing non-disclosure of 'reason to believe' or 'reason to suspect.' The Court concluded that no substantial legal question arose, affirming the High Court's decision and dismissing the Civil Appeal. en-us Wed, 13 Sep 2017 00:00:00 +0530 Sat, 18 Nov 2017 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348542 The Supreme Court dismissed the appeal challenging the validity of proceedings under Section 132 of the Income Tax Act. The Court upheld the block assessment for the period in question, rejecting the appellant's explanation for the cash found by authorities. The amendment in Section 132A was highlighted, emphasizing non-disclosure of 'reason to believe' or 'reason to suspect.' The Court concluded that no substantial legal question arose, affirming the High Court's decision and dismissing the Civil Appeal. Case-Laws Income Tax Wed, 13 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348542