https://www.taxtmi.com/caselaws?id=10789 The High Court upheld the validity of the show cause notice issued by the Commissioner of Income-tax under section 263 of the Income-tax Act, 1961 during the pendency of a block assessment appeal. The Court clarified that a previous decision cited by the petitioner did not apply universally, emphasizing the need for a case-specific assessment. It ruled that the petitioner could raise other grounds in response to the notice and that the Commissioner would decide accordingly. The Court concluded that interference at that stage was unwarranted, allowing the assessment process to proceed according to the law without expressing an opinion on the case's merits. en-us Mon, 13 Sep 2004 00:00:00 +0530 Sat, 25 Jul 2009 09:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10789 The High Court upheld the validity of the show cause notice issued by the Commissioner of Income-tax under section 263 of the Income-tax Act, 1961 during the pendency of a block assessment appeal. The Court clarified that a previous decision cited by the petitioner did not apply universally, emphasizing the need for a case-specific assessment. It ruled that the petitioner could raise other grounds in response to the notice and that the Commissioner would decide accordingly. The Court concluded that interference at that stage was unwarranted, allowing the assessment process to proceed according to the law without expressing an opinion on the case's merits. Case-Laws Income Tax Mon, 13 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10789