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2011 (1) TMI 449 - HC - Income TaxBlock assessment - Time limitation - Search and seizure - Undisclosed income - there is no dispute on the finalisation of the draft assessment by the Assessing Officer with the approval of the Commissioner on 23-5-1997 which is eight days prior to the last date provided for completion of assessment - this is a case where elaborate evidence is collected in the course of search and the processing of the document took several months before completion of the block assessment - The fact that the first copy of assessment order sent to the assessee on 30-5-1997 along with signed valid notice of demand issued under section 156 of the Act did not contain the signature of the Assessing Officer does not invalidate the assessment which was validly completed on 27-5-1997 within the period of limitation provided under section 158BE of the Act - Appeal is allowed by way of remand to Tribunal
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