https://www.taxtmi.com/caselaws?id=17162 The court upheld the jurisdiction of the assessing authority for block assessment under section 158BC, finding the accountant nomination under section 142(2A) valid based on the authority's formed opinion. Despite concerns over natural justice principles, the court emphasized the need for a detailed examination of the provision's application. While declining to stay the special audit, the court granted an interim stay on 50% of the accountant's fee, pending a final determination at the writ petition's hearing. en-us Wed, 28 Jan 1998 00:00:00 +0530 Tue, 15 Sep 2009 15:15:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17162 The court upheld the jurisdiction of the assessing authority for block assessment under section 158BC, finding the accountant nomination under section 142(2A) valid based on the authority's formed opinion. Despite concerns over natural justice principles, the court emphasized the need for a detailed examination of the provision's application. While declining to stay the special audit, the court granted an interim stay on 50% of the accountant's fee, pending a final determination at the writ petition's hearing. Case-Laws Income Tax Wed, 28 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17162