https://www.taxtmi.com/caselaws?id=372214 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to invalidate the block assessment under sections 158BC and 158D due to lack of proper satisfaction note. The Tribunal also found the notice issued under section 158BD invalid for not being recorded by the Assessing Officer of the searched person. Additionally, the Tribunal upheld the deletion of undisclosed income addition, emphasizing the importance of corroborative evidence. The Tribunal highlighted the need for timely assessment proceedings and proper jurisdiction in line with judicial pronouncements. en-us Thu, 13 Dec 2018 00:00:00 +0530 Wed, 19 Dec 2018 08:39:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372214 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to invalidate the block assessment under sections 158BC and 158D due to lack of proper satisfaction note. The Tribunal also found the notice issued under section 158BD invalid for not being recorded by the Assessing Officer of the searched person. Additionally, the Tribunal upheld the deletion of undisclosed income addition, emphasizing the importance of corroborative evidence. The Tribunal highlighted the need for timely assessment proceedings and proper jurisdiction in line with judicial pronouncements. Case-Laws Income Tax Thu, 13 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372214