https://www.taxtmi.com/caselaws?id=33270 The High Court of Madras held in favor of the revenue, allowing the appeals and answering the question in the affirmative. The Court determined that the revenue could levy surcharge under block assessment prior to 01.06.2002, based on the interpretation of relevant legal provisions and precedents. The Court emphasized that the block assessment computation includes the concept of "previous year" and "total income," and that the relevant Finance Act of the year in which the search was initiated would apply. en-us Tue, 21 Apr 2009 00:00:00 +0530 Thu, 30 Apr 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33270 The High Court of Madras held in favor of the revenue, allowing the appeals and answering the question in the affirmative. The Court determined that the revenue could levy surcharge under block assessment prior to 01.06.2002, based on the interpretation of relevant legal provisions and precedents. The Court emphasized that the block assessment computation includes the concept of "previous year" and "total income," and that the relevant Finance Act of the year in which the search was initiated would apply. Case-Laws Income Tax Tue, 21 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33270