https://www.taxtmi.com/caselaws?id=777338 HC held the block assessment notice issued under section 158BD invalid. The court found the office note did not record the Assessing Officer's required "satisfaction" - it contained only investigatory references and speculative annexures, not material establishing undisclosed income of the third party. Further, issuance of the notice nearly a year after completion of the searched person's block assessment was held time-barred and unduly delayed. Consequently the proceedings under section 158BD were set aside and the assessee's cross-objection allowed. en-us Wed, 20 Aug 2025 00:00:00 +0530 Thu, 28 Aug 2025 08:32:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777338 HC held the block assessment notice issued under section 158BD invalid. The court found the office note did not record the Assessing Officer's required "satisfaction" - it contained only investigatory references and speculative annexures, not material establishing undisclosed income of the third party. Further, issuance of the notice nearly a year after completion of the searched person's block assessment was held time-barred and unduly delayed. Consequently the proceedings under section 158BD were set aside and the assessee's cross-objection allowed. Case-Laws Income Tax Wed, 20 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777338