https://www.taxtmi.com/caselaws?id=56678 The Tribunal quashed the block assessment order, finding the notice u/s 158BC invalid and assessment void ab initio. Search operations were criticized for inaccuracies. The AO's reliance on the DDI Wing influenced the assessment, leading to deletions of undisclosed income additions. Investments in factory building and stocks were disputed, with some additions deleted or reduced. The issue of deduction u/s 80-IA was remanded for reconsideration. The Tribunal directed the AO to recalculate undisclosed income and review the deduction claim. en-us Tue, 30 Nov 1999 00:00:00 +0530 Fri, 24 Mar 2017 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56678 The Tribunal quashed the block assessment order, finding the notice u/s 158BC invalid and assessment void ab initio. Search operations were criticized for inaccuracies. The AO's reliance on the DDI Wing influenced the assessment, leading to deletions of undisclosed income additions. Investments in factory building and stocks were disputed, with some additions deleted or reduced. The issue of deduction u/s 80-IA was remanded for reconsideration. The Tribunal directed the AO to recalculate undisclosed income and review the deduction claim. Case-Laws Income Tax Tue, 30 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56678