2002 (10) TMI 812 - SC - Income Tax

Summary

The Supreme Court set aside the block assessment order and directed the Tribunal to hear the appellant's appeal against the block assessment order from 1997. The Tribunal and CIT(A) were instructed to consider retrospective amendments made in 2002. The Department was prohibited from taking coercive action for recovery until November 30, 2002. Both appeals were disposed of accordingly.