https://www.taxtmi.com/caselaws?id=801665 Section 158BD permits block assessment of a person other than the searched person only when search material reveals undisclosed income belonging to that person and jurisdictional satisfaction is recorded. Transactions already entered in the books of account and reflected in returns subject to regular assessment do not, without incriminating search material, establish undisclosed income for this purpose. Absence of a basis or satisfaction note for assuming jurisdiction further defeats the assessment. Block assessments unsupported by search material evidencing undisclosed income are therefore invalid. en-us Mon, 28 Sep 2026 00:00:00 +0530 Sat, 24 Oct 2026 08:17:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801665 Section 158BD permits block assessment of a person other than the searched person only when search material reveals undisclosed income belonging to that person and jurisdictional satisfaction is recorded. Transactions already entered in the books of account and reflected in returns subject to regular assessment do not, without incriminating search material, establish undisclosed income for this purpose. Absence of a basis or satisfaction note for assuming jurisdiction further defeats the assessment. Block assessments unsupported by search material evidencing undisclosed income are therefore invalid. Case-Laws Income Tax Mon, 28 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801665