https://www.taxtmi.com/caselaws?id=393283 The Tribunal upheld the validity of the block assessment under Section 158BD, stating that the required satisfaction was recorded in the assessment order of the searched person. In the quantum appeals, the Tribunal deleted substantial portions of the additions made by the AO in various cases, confirming only minor amounts. Penalties imposed by the AO were upheld, but the Tribunal directed for their recomputation based on the reduced quantum of additions. en-us Fri, 06 Mar 2020 00:00:00 +0530 Wed, 11 Mar 2020 09:54:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393283 The Tribunal upheld the validity of the block assessment under Section 158BD, stating that the required satisfaction was recorded in the assessment order of the searched person. In the quantum appeals, the Tribunal deleted substantial portions of the additions made by the AO in various cases, confirming only minor amounts. Penalties imposed by the AO were upheld, but the Tribunal directed for their recomputation based on the reduced quantum of additions. Case-Laws Income Tax Fri, 06 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393283