https://www.taxtmi.com/caselaws?id=12165 After a search under section 132 and initiation of Chapter XIV-B block assessment proceedings, the High Court held that the Assessing Officer was not barred from continuing regular assessment for the relevant year or from issuing notice under section 143(3) or section 144. Section 158BA was read as making block assessment of undisclosed income operative notwithstanding other provisions, while its Explanation preserved regular assessment as a separate and additional process for disclosed income. Accordingly, pendency of block proceedings did not oust jurisdiction to complete the regular assessment, and the notice proposing assessment was valid. en-us Fri, 27 Sep 2002 00:00:00 +0530 Thu, 18 Feb 2010 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12165 After a search under section 132 and initiation of Chapter XIV-B block assessment proceedings, the High Court held that the Assessing Officer was not barred from continuing regular assessment for the relevant year or from issuing notice under section 143(3) or section 144. Section 158BA was read as making block assessment of undisclosed income operative notwithstanding other provisions, while its Explanation preserved regular assessment as a separate and additional process for disclosed income. Accordingly, pendency of block proceedings did not oust jurisdiction to complete the regular assessment, and the notice proposing assessment was valid. Case-Laws Income Tax Fri, 27 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12165