2006 (8) TMI 110

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....r the block assessment period April 1, 1990 to August 3, 2000.  2. A search was carried out in the premises of one Manoj Aggarwal a Director of M/s Friends Portfolio Pvt. Ltd. The search was carried out on August 3, 2000 on which date various documents and books of accounts etc. were discovered. 3. On the basis of the documents discovered and the statements of Manoj Aggarwal, a block asses....

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....nal held that the Assessing Officer was functioning as a quasi judicial authority and was under an obligation to adhere to the principles of natural justice. Several requests were made by the assessee, but Manoj Aggarwal was not made available for cross-examination. On this basis, the Tribunal set aside the block assessment and that is why the Revenue is before us in an appeal under section 260A o....