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Regular and Block Assessments Can Occur Simultaneously; Additions u/s 68 Upheld Despite Block Assessment Claims.
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....Assessment u/s 147 - Additions u/s 68 - The regular assessment and block assessment are both separate proceedings and even can run parallel - assessee has failed to substantiate that relevant accommodation entry transactions - we reject the contention of Learned Counsel of the assessee seeking telescoping of the addition with the income already assessed in the block assessment order. - AT....