https://www.taxtmi.com/caselaws?id=795016 Block assessment under Section 158BC requires a valid notice under Section 143(2) where assessment is completed under Section 143(3); non-issuance is a jurisdictional defect, not a curable procedural irregularity, and invalidates the assessment. Chapter XIV-B also confines block assessment to undisclosed income detected from material found during the search. Post-search material cannot support a block assessment, particularly where the relevant transaction was already examined in regular assessment proceedings. A legal objection supporting the challenged order may be raised before the Tribunal without a separate cross-appeal. These defects rendered the block assessment unsustainable; the substantive capital-gains issue remained undecided. en-us Wed, 08 Jul 2026 00:00:00 +0530 Wed, 15 Jul 2026 08:21:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795016 Block assessment under Section 158BC requires a valid notice under Section 143(2) where assessment is completed under Section 143(3); non-issuance is a jurisdictional defect, not a curable procedural irregularity, and invalidates the assessment. Chapter XIV-B also confines block assessment to undisclosed income detected from material found during the search. Post-search material cannot support a block assessment, particularly where the relevant transaction was already examined in regular assessment proceedings. A legal objection supporting the challenged order may be raised before the Tribunal without a separate cross-appeal. These defects rendered the block assessment unsustainable; the substantive capital-gains issue remained undecided. Case-Laws Income Tax Wed, 08 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795016