K.P. MOHAMMED SALIM vs COMMISSIONER OF INCOME TAX, COCHIN

The Supreme Court interpreted Section 127 of the Income Tax Act, 1961, in relation to block assessments under Chapter XIV-B. The Court held that the provisions of Section 127 can be applied for transferring cases for block assessments, affirming the High Court's decision. The Court clarified that the definition of 'block period' under Section 158B includes multiple assessment years, thus supporting the jurisdiction of the Assessing Officer in conducting block assessments post-search.