https://www.taxtmi.com/highlights?id=74931 Block assessment - Validity of assessment u/s 158BC r.w.s. 158BD - The High court allowed the appeal, holding that the assessment proceedings were illegal due to the failure of the assessing officer to record satisfaction as required under Section 158BD of the Income Tax Act. The appellant provided sufficient evidence to support the ownership claim of the seized cash, and the assessing officer's doubts were deemed unjustified. en-us Thu, 15 Feb 2024 11:55:43 +0530 Thu, 15 Feb 2024 11:55:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74931 Block assessment - Validity of assessment u/s 158BC r.w.s. 158BD - The High court allowed the appeal, holding that the assessment proceedings were illegal due to the failure of the assessing officer to record satisfaction as required under Section 158BD of the Income Tax Act. The appellant provided sufficient evidence to support the ownership claim of the seized cash, and the assessing officer's doubts were deemed unjustified. Highlights Income Tax Thu, 15 Feb 2024 11:55:43 +0530 https://www.taxtmi.com/highlights?id=74931