Allowing the appeal of the assessee the tribunal held that ; Statement u/s 132(4) can be used against the assessee only if the statement has relevance to any incriminating document or material found during course of search. Block assessment is held to be bad in law. (BP.10-10-1985 to 21-11-1996 )
Promain Ltd. v. DCIT (2018) 170 ITD 188 (Delhi) (Trib.)
S. 158BC : Block assessment -Statement u/s 132(4) can be used against the assessee only if the statement has relevance to any incriminating document or material found during course of search -Block assessment is held to be bad in law.[ S. 132(4) ]