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2010 (4) TMI 54 - DELHI HIGH COURTSearch and Seizure under section 132 – Block assessment – The case of the Revenue is that since the last panchnama was drawn on the 18th November, 1996, the search was concluded on that date. The assessee had submitted that the search having been conducted on the 29th August, 1996/30th August, 1996, the assessment made on 28th November, 1997, was barred by limitation in view of the provisions contained in Section 158BE(1)(a) of the Act. - held that - the last panchnama dated the 18th November, 1996 was merely a release order and could not extend the period of limitation, as found by the Tribunal. The appeal is dismissed.
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