https://www.taxtmi.com/caselaws?id=31172 The High Court dismissed the appeal challenging block assessment proceedings under Section 158BD of the Income Tax Act, 1961. The court emphasized that the satisfaction of the Assessing Officer is a prerequisite for invoking Section 158BD, which was not met in this case. The Tribunal and High Court held that the assessment proceedings were invalid due to the lack of recorded satisfaction by the Assessing Officer of the person searched, in line with previous court decisions. Consequently, the High Court upheld the Tribunal's decision, ruling that no substantial question of law arose for consideration. en-us Thu, 16 Oct 2008 00:00:00 +0530 Wed, 22 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31172 The High Court dismissed the appeal challenging block assessment proceedings under Section 158BD of the Income Tax Act, 1961. The court emphasized that the satisfaction of the Assessing Officer is a prerequisite for invoking Section 158BD, which was not met in this case. The Tribunal and High Court held that the assessment proceedings were invalid due to the lack of recorded satisfaction by the Assessing Officer of the person searched, in line with previous court decisions. Consequently, the High Court upheld the Tribunal's decision, ruling that no substantial question of law arose for consideration. Case-Laws Income Tax Thu, 16 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31172