https://www.taxtmi.com/caselaws?id=17489 Chapter XIV-B of the Income-tax Act, 1961 applies to searches initiated after 30 June 1995, so a search conducted on 23 February 1996 attracted the block assessment procedure under section 158BC. The statutory definition of "block period" covered the ten previous years preceding the year of search, bringing assessment year 1993-94 within that period. Because a section 158BC notice had already been issued for that year, maintaining a parallel regular assessment would defeat the special block assessment mechanism; the notice and consequent regular assessment were therefore quashed, and the request relating to issuance of the notice became infructuous. en-us Mon, 30 Sep 1996 00:00:00 +0530 Tue, 22 Sep 2009 16:50:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17489 Chapter XIV-B of the Income-tax Act, 1961 applies to searches initiated after 30 June 1995, so a search conducted on 23 February 1996 attracted the block assessment procedure under section 158BC. The statutory definition of "block period" covered the ten previous years preceding the year of search, bringing assessment year 1993-94 within that period. Because a section 158BC notice had already been issued for that year, maintaining a parallel regular assessment would defeat the special block assessment mechanism; the notice and consequent regular assessment were therefore quashed, and the request relating to issuance of the notice became infructuous. Case-Laws Income Tax Mon, 30 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17489