assessment concluded. It was contended that no further assessment proceedings could be undertaken in respect of the same assessment year for which block assessment proceedings ... manner. The proceedings under the regular assessment and the assessment for the block period stand to operate on different fields. Therefore, the considerations which would
lakhs in the block returns filed by them. The Assessing Officer has in the block assessment order made huge additions in every case ... statement was likely to hurt him as well in his independent block assessment proceedings. The learned Assessing Officer, therefore, concluded that Shri Ved Prakash Jain
Officer.
158BG. Authority competent to make the block assessment.-The order of assessment for the block period shall be passed by an Assessing Officer ... provides for special procedure for the assessment of search cases. It deals with the assessment of block period in respect of undisclosed income
said income shall not be included in the block period.
158BC. Procedure for block assessment.Where any search has been conducted under Section ... computation of undisclosed income for the block period; whereas Section 158BC provides procedure for block assessment. Section 158BA bestows jurisdiction
hands of the assessee company as its undisclosed income in the block assessment since both these companies had already merged in the assessee company ... Officer to the undisclosed income of the assessee company in the block assessment by invoking the provisions of Section 92 and relying on the decision
demand of block assessment but by mistake assessment year 1997-98 was mentioned in the challan instead of the block period. Accordingly, the refund ... payment was composite for block assessment as well as assessment year 1997-98 but by mistake only assessment year 1997-98 was mentioned
filed a block return for the block period in question by declaring 'nil' undisclosed income.
10. By a block assessment order dt. 29th ... computed the undisclosed income for the block period at Rs. 2,50,31,927. In the block assessment order, it was held that the loan
showing its undisclosed income for the block period at nil.
5. During the course of block assessment proceedings, several notices were issued ... JCIT 95 ITD 152, any defect therein would not render the block assessment proceedings to be null and void.
12. In the rejoinder, the learned
course of search. The assessee filed Block return on 11.4.2000 showing undisclosed income at Rs NIL. The Block assessment was completed on 12.6.2000 computing ... course of search. The assessee filed Block return on 11.4.2000 showing undisclosed income at Rs Nil, The Block assessment was completed on 12.6.2000 computing
undisclosed income of the block period as well as Section 158BC which lays down the procedure for block assessment. Under the scheme of taxation under ... Special Procedure for assessment of search cases and is a self-contained code for assessment of undisclosed income relating to the block period. Section
