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2011 (11) TMI 432 - HC - Income TaxBlock assessment - Tribunal did not bother to read the assessment order or the statement recorded during search which is admissible as evidence under Section 132(4) of the Act - It is seen from the statement recorded from the assessee, though retracted after two years, and even in the objections filed by the assessee that assessee has partly conceded the case of suppression of income detected - the Tribunal has not considered the appeal or cross-appeal in detail with reference to the findings in the assessment order and in the appellate authority's order and the statements recorded and objections filed by the assessee - Decided in favor of the assessee by way of remand to Tribunal
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