https://www.taxtmi.com/caselaws?id=11947 The High Court set aside the Tribunal's order canceling the block assessment, finding it perverse and unsustainable in law. The appeal was allowed, directing parties to bear their own costs. The Court emphasized that investments detected during the search were not recorded in the books of account, holding the assessee liable for the block period. The request for remand to the Tribunal was dismissed as no further aspects remained to be determined. en-us Wed, 22 Jan 2003 00:00:00 +0530 Sat, 13 Feb 2010 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11947 The High Court set aside the Tribunal's order canceling the block assessment, finding it perverse and unsustainable in law. The appeal was allowed, directing parties to bear their own costs. The Court emphasized that investments detected during the search were not recorded in the books of account, holding the assessee liable for the block period. The request for remand to the Tribunal was dismissed as no further aspects remained to be determined. Case-Laws Income Tax Wed, 22 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11947