Madras HC holds Sec 292B cant cure irregularity committed by revenue

Block assessment u/s 158BC not valid in case of consequential search on assessee based on material found in search of another person; Provisions of Sec. 158BD applicable in such case; Revenue not permitted to follow time limit applicable to assessment u/s 158BD in respect of assessment made u/s 158BC; Sec. 292B cannot cure every irregularity, but applicable only to omission, defect or mistake; Revenue cannot be permitted to clothe illegality seeking aid of Sec. 292B; Block assessment set aside : Madras HC in V. Ramaiah

To view complete judgement Madras HC says 292B cant cure irregularity

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