https://www.taxtmi.com/caselaws?id=35063 The Court allowed the appeal by the Commissioner of Income-tax, finding that a regular assessment can proceed alongside a block assessment under Chapter XIV-B. The Court held that the assessments for disclosed and undisclosed income are distinct, and therefore, can be conducted simultaneously. The Tribunal's decision to merge the assessments was overturned, and the matter was remanded for reconsideration in line with the law, with no order as to costs. en-us Thu, 27 Nov 2008 00:00:00 +0530 Tue, 15 Dec 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35063 The Court allowed the appeal by the Commissioner of Income-tax, finding that a regular assessment can proceed alongside a block assessment under Chapter XIV-B. The Court held that the assessments for disclosed and undisclosed income are distinct, and therefore, can be conducted simultaneously. The Tribunal's decision to merge the assessments was overturned, and the matter was remanded for reconsideration in line with the law, with no order as to costs. Case-Laws Income Tax Thu, 27 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35063