No necessity of extending benefit of cross-examination to assess tax on assets seized

A. N. Dyaneswaran Vs CIT (Madras High Court) Facts- The petitioner was subject to a block assessment for the period 01.04.1985 to 20.01.1996, pursuant to a search conducted at various places of the petitioner and his associates on 19/20.01.1996. Several incriminating documents were recovered and therefore based on the above such proceedings under Chapter XIVB of the Income Tax Act, 1961 were initiated. As per Section 158-BC of the Income Tax Act, 1961 the time limit for completion of block assessment was one year from the end of the month in which the last of the authorization of search under ...