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2011 (2) TMI 270 - HC - Income TaxRevision - Block assessment - Search and seizure - Undisclosed income - whether the order passed by the assessing officer on 3.9.2003 was erroneous, insofar as it was prejudicial to the interest of the Revenue and, therefore, the Commissioner of Income Tax, Karnal, was justified in taking recourse to action under Section 263 of the Act - Nothing has been referred by the Tribunal which may justify passing of block assessment order by the assessing officer under reference - A reading of the assessment order spells out that the assessing officer had mechanically accepted the returned income without scrutinising or referring to any material examined during block assessment proceedings - Decided against the assessee
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