Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2011 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (9) TMI 54 - BOMBAY HIGH COURTBlock assessment - Limitation - Search and seizure u/s 132(1) - Stay granted in Writ Petition No.2905 of 1999 was restricted to the case of Shri M.N. Dugad and not to the case of other members of Dugad family - Consequently, the statement made by the counsel for the Revenue in Writ Petition No.2905 of 1999 on 29th November 1999 that the special audit would be completed within the date recorded therein would be restricted to the case of Shri M.N. Dugad and would not apply to the other members of the Dugad family including the assessee - It is not in dispute that if the statement made by the Counsel for the Revenue in Writ Petition No.2905 of 1999 on 29th November 1999 is held not applicable to the assessee, then the block assessment order passed in the case of the assessee would be time barred - Accordingly,no merit in the appeal and the same is dismissed with no order as to costs.
|