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2002 (9) TMI 73 - HC - Income TaxNotices under section 158BC - Search And Seizure - Block Assessment - The grievance of the petitioner in the original petition is that the second respondent-Assessing Officer is trying to by-pass the provisions of law by ignoring Chapter XIV-B and making hasty steps to complete the assessment under section 143(3) or 144 which is not authorised by law and hence there is no statutory remedy to keep the second respondent within the limits of his powers. - A Division Bench of the Gujarat High Court in N.R. Paper and Board Ltd. v. Deputy CIT, had an occasion to consider the matter in details and held as follows: "that the notices issued under section 143(2) were in respect of the regular assessment and the Assessing Officer was within his jurisdiction to proceed with the same as per section 143(3) and make a regular assessment of the total income/loss of the previous year for the assessment year 1995-96 notwithstanding the fact that the said previous year was included in the block period for the purpose of assessment of the undisclosed income and that such assessment was already done and was the subject-matter of challenge before the Tribunal". We agree with the reasons given in the above cases and hold that there is no bar for continuing the regular assessment including the block period.
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