K.P. Mohammed Salim vs Commissioner Of Income-Tax, Cochin

The Supreme Court addressed the interpretation of Section 127 of the Income Tax Act, 1961, in relation to block assessments under Chapter XIV-B. The Court held that Section 127 can be applied for block assessments, affirming the High Court's decision that the transfer of cases for effective investigation was valid. The Court clarified that the definition of 'block period' under Section 158B and the procedures outlined in Sections 158BC, 158BD, and 158BE are applicable in such cases.