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2009 (9) TMI 3 - ALLAHABAD HIGH COURTBlock Assessment versus Best Judgment – ITAT held that in a block assessment there is no scope of an assessment based on best judgment of an Assessing Officer – ITAT further held that since no hidden assets, movable or immovable, had been found, the assessee could not be expected to have made a fortune of unaccounted professional receipts – Held that - if the Assessing Officer had come to the conclusion that some other income of the assessee (unconnected with the materials found at the time of search) has escaped assessment he is at liberty to initiate proceedings under Section 147/148 of the Act in accordance with law - /-. However, there was no material to show that any other income which may have been concealed and any undisclosed assets have been found in the search – Assessment can not be made on the basis of best judgment assessment.
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