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2011 (3) TMI 298 - DELHI HIGH COURTSearch and seizure - Block assessment - Unaccounted cash - since they were not received, JCIT proceeded with investigation in respect of twenty seven bank accounts by writing to different banks asking for copies of those accounts, account opening forms, names and addresses of the introducers and copies of cheques issued - Confirmations in respect of shareholders along with their PAN/GIR numbers were furnished, but, in respect of some confirmations, either jurisdiction was not stated properly or it was not stated at all - Merely because the department obtained a copy of the seized diary it could not be said that the material came through a valid and proper requisition, order or warrant as prescribed u/s 132A Whether the Tribunal was correct in law and in merits in holding that the proceedings under Section 158BC were not validly initiated in the present case and as such the block assessment is liable to be quashed - Though the original cheque books were not given by the ED, detailed information with regard to the accounts etc. of those cheque books was furnished - Based on the information available from the records it was concluded that assessee could not give any satisfactory or documentary evidence - Decided against the assessee
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