Section 158BC ::

Last updated: 31 October 2007

Court :
HC

Brief :
Held by the Hon`ble Court that, the findings recorded by the Tribunal shows that the amount seized from the assessee, could not be faulted and block assessment was valid. Therefore proceedings initiated u/s 158BC was justified in law.

Citation :
Smt. Ratpal Kaur Vs. Asst. Comm. of Income Tax

Section 158BC Smt. Ratpal Kaur Vs. Asst. Comm. of Income Tax 04/05/2007 [2007] 294 ITR 273 (Bom) Case Fact: Whether, proceedings initiated u/s 158BC is justified in law where during the search cash seized from third party admitted by assessee to be his undisclosed income? Decision: Held by the Hon`ble Court that, the findings recorded by the Tribunal shows that the amount seized from the assessee, could not be faulted and block assessment was valid. Therefore proceedings initiated u/s 158BC was justified in law.