Block Assessment without Satisfaction Is Void

Manoj Aggarwal Vs. DCIT (ITAT Delhi 5 Member Spl Bench)

(1) Even in the case of an assessee not maintaining books of account and to whom s. 68 does not apply, addition in respect of unexplained entries in the bank book can be made;

(2) Where the assessee was not provided copies of the seized documents and the delay in filing the block return was on that count, interest u/s 158BFA (1) is not leviable even though there is no exemption on that count in the statute.;

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