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2011 (9) TMI 517 - HC - Income TaxValidity of 144 after dropping proceedings under 158BC - Search Conducted - Block Assessment Initiated - Books,accounts produced were not proper and incomplete - Ultimately proceedings were dropped and 148 issued - Finally order of Best Judgement passed under 144 - Held That:- It is evident that the assessment proceeding had not taken place on merits and proceeding was terminated. Such a situation was brought about by the conduct and complete lack of cooperation attributable to the assessee. Since assessing officer had not disposed of the block-period assessment on merits, had decided to drop the same, and resorted to best-judgment assessment which is warranted in law.
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