https://www.taxtmi.com/caselaws?id=16073 The court emphasized the priority of block assessment over regular assessment, stating that block assessment must precede regular assessment. Notices issued under sections 142(1) and 143(2) for regular assessment during the block period were deemed invalid. The court directed the Assessing Officer to complete block assessment first, deducting already assessed income to arrive at undisclosed income taxed at 60% under section 113, before proceeding with regular assessment within six months for the specified assessment year. The writ application largely succeeded, with no costs awarded. en-us Tue, 23 Feb 1999 00:00:00 +0530 Mon, 31 Aug 2009 18:02:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16073 The court emphasized the priority of block assessment over regular assessment, stating that block assessment must precede regular assessment. Notices issued under sections 142(1) and 143(2) for regular assessment during the block period were deemed invalid. The court directed the Assessing Officer to complete block assessment first, deducting already assessed income to arrive at undisclosed income taxed at 60% under section 113, before proceeding with regular assessment within six months for the specified assessment year. The writ application largely succeeded, with no costs awarded. Case-Laws Income Tax Tue, 23 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16073