https://www.taxtmi.com/caselaws?id=400357 The Appellate Tribunal held that the notice issued under section 158BC of the Income Tax Act was invalid, leading to the setting aside of the assessment order for the block period 1987-88 to 1996-97. Despite the invalid notice, the income returned by the assessee was deemed taxable due to admitted liability. The Tribunal rejected the assessee's claim for a refund of taxes paid, emphasizing that the tax acknowledgment precluded refund. The appeal was dismissed, affirming the Tribunal's decision on the invalidity of the notice and consequential proceedings. en-us Tue, 09 Jun 2020 00:00:00 +0530 Wed, 04 Nov 2020 09:20:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400357 The Appellate Tribunal held that the notice issued under section 158BC of the Income Tax Act was invalid, leading to the setting aside of the assessment order for the block period 1987-88 to 1996-97. Despite the invalid notice, the income returned by the assessee was deemed taxable due to admitted liability. The Tribunal rejected the assessee's claim for a refund of taxes paid, emphasizing that the tax acknowledgment precluded refund. The appeal was dismissed, affirming the Tribunal's decision on the invalidity of the notice and consequential proceedings. Case-Laws Income Tax Tue, 09 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400357