https://www.taxtmi.com/caselaws?id=13246 The court determined that the Tribunal erred in its interpretation of sections 158BC and 158BD of the Income-tax Act, 1961, concerning block assessment. It concluded that the provisions should apply, given the definition of the "block period." Consequently, the Tribunal's decision was set aside, reinstating the assessing authority's decision in favor of the Revenue. The court directed the forwarding of the order to the Tribunal for further action. en-us Tue, 27 Jun 2006 00:00:00 +0530 Thu, 22 Feb 2024 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13246 The court determined that the Tribunal erred in its interpretation of sections 158BC and 158BD of the Income-tax Act, 1961, concerning block assessment. It concluded that the provisions should apply, given the definition of the "block period." Consequently, the Tribunal's decision was set aside, reinstating the assessing authority's decision in favor of the Revenue. The court directed the forwarding of the order to the Tribunal for further action. Case-Laws Income Tax Tue, 27 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13246