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2009 (11) TMI 572 - HC - Income TaxSearched - Limitation - Block assessment - The notice under section 158BC was issued to the assessee on July 27, 1999 - After noticing that the warrant was not issued in the name of the assessee, a fresh notice under section 158BC read with section 158BD was issued on the assessee on February 7, 2001 - The assessee filed the block return on January 29, 2003 admitting "nil" undisclosed income - The assessment was made on February 27, 2003 - Held that: the assessment made against the assessee is beyond the period prescribed under section 158BE(2)(b)- appeal dismissed - Decided in favor of assessee.
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