Tag Archives: section 158BC

Undisclosed income must be found in Search to issue Block Assessment Notice

By | October 17, 2016

Held No incriminating documents were found during the course of search nor was it found that he was in any manner involved in the bank account with his name in the said Bank. Thus it appears that the Respondents-revenue took search and seizure proceedings in respect of the Petitioner on account of mistaken identity. In… Read More »

No Block assessment of section 158BC on basis of survey material

By | October 15, 2015

Where material was collected by Assessing Officer during course of survey, and not during search proceedings, Tribunal was justified in setting aside assessment made under section 158BC HIGH COURT OF GUJARAT Commissioner of Income-tax v. Parmar Builders & Developers M.R. SHAH AND S.H. VORA, JJ. TAX APPEAL NOS.112 & 113 OF 2015 APRIL  8, 2015… Read More »