Assessing Officer Limited in Probing Matters Disclosed in Taxpayer's Books; Proper Proceedings Required Under Chapter XIV B.

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....Block assessment - Applicability of Chapter XIV B - addition to the peak of loans - The Assessing Officer cannot indulge in roving enquires regarding the issue that has already been disclosed in the books of accounts and placed before the departments. All such enquiries and investigations should be made by the Assessing Officer in a proceeding known to the Income Tax Law other than the block assessment proceedings. - AT....