https://www.taxtmi.com/caselaws?id=59213 The Tribunal ruled in favor of the assessee on all three issues presented in the case. It held that reassessment proceedings cannot be invoked for block assessments under Chapter XIV-B, as the special provisions override general provisions like section 147. The re-opening of the block assessment was deemed improper as the notice was issued beyond the permissible period and based on an invalid basis. Additionally, the Tribunal found that disallowance under section 40A(3) was not applicable as there was no evidence of payments exceeding the statutory limit. en-us Wed, 16 Oct 2002 00:00:00 +0530 Mon, 27 Dec 2010 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59213 The Tribunal ruled in favor of the assessee on all three issues presented in the case. It held that reassessment proceedings cannot be invoked for block assessments under Chapter XIV-B, as the special provisions override general provisions like section 147. The re-opening of the block assessment was deemed improper as the notice was issued beyond the permissible period and based on an invalid basis. Additionally, the Tribunal found that disallowance under section 40A(3) was not applicable as there was no evidence of payments exceeding the statutory limit. Case-Laws Income Tax Wed, 16 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59213