Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2010 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (9) TMI 348 - HC - Income TaxSection 132(1) of the Income Tax Act, 1961 Relating to question of Law based on the interpretation - Tribunal has held that the assessment orders passed in the case of all these assessees were time barred, as the assessments were not completed within two years from the end of month in which the last authorization for search under Section 132 of the Act was issued Time limit for completion of Block Assessment under Section 158BE - Time for completion of Block Assessment under Section 158BC/158BE, is the conclusion of search/drawing of last Panchnama, which will be relevant and not the dates of issuance of various authorizations Based on the precedent Judgement it is concluded that the Tribunal erred in holding that the assessment order framed by the AO was barred by limitation
|