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2010 (8) TMI 731 - AT - Income TaxRecording of satisfaction and handing over of the records as per section 158BD - block assessments - Jurisdiction - legal plea raised by the assessees in their appeals in respect of recalling the order and again hearing of this very same issue would amount to wastage of time and energy. Therefore, we amend the Tribunal order in question by allowing the legal plea holding that the assessment orders under section 158BD in both these cases are without assumption of valid jurisdiction and need to be quashed. Consequently, we quash the block assessments in both these cases and allow the appeals in view of the decision of the Supreme Court in the case of Manish Maheshwari (2007 -TMI - 2889 - SUPREME COURT OF INDIA) , petitions are allowed.
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