Section 158BC ::

Court :
HC

Brief :
Held by the Hon`ble Court that, the findings recorded by the Tribunal shows that the amount seized from the assessee, could not be faulted and block assessment was valid. Therefore proceedings initiated u/s 158BC was justified in law.

Citation :
Smt. Ratpal Kaur Vs. Asst. Comm. of Income Tax

Section 158BC Smt. Ratpal Kaur Vs. Asst. Comm. of Income Tax 04/05/2007 [2007] 294 ITR 273 (Bom) Case Fact: Whether, proceedings initiated u/s 158BC is justified in law where during the search cash seized from third party admitted by assessee to be his undisclosed income? Decision: Held by the Hon`ble Court that, the findings recorded by the Tribunal shows that the amount seized from the assessee, could not be faulted and block assessment was valid. Therefore proceedings initiated u/s 158BC was justified in law.

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Judgement posted by

CA.Saibaburao Nanduri

Chartered Accountant

I am a commerce graduarte of Andhra University. Studied at HINDU COLLEGE, Guntur. Became FCA and started Practice under the name and style of M/s SAIBABU RAO CO I became Chairman of CA Institute, Guntur Branch, during the year 2008-09 My post qualifications are: Information Systems Audit DISA (ICAI) ... Read more

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