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2009 (12) TMI 623 - AT - Income TaxBlock assessment - Time limit for issue of notice under 158BD - Held That:- although no time limit has been mentioned in the Income-tax Act, 1961, for the issue of notice under section 158BD but the time limit set in section 158BE is applicable for invoking the provisions of section 158BD and for this reason, Parliament did not find it necessary to specify the separate time limit for the same as the enactment itself shows that both sections 158BC and 158BD are inter-linked, inter-laced and intertwined and form part and parcel of the same chapter. - In view of special bench of Manoj Aggarwal v. Deputy CIT (2008 -TMI - 63312 - ITAT DELHI-A), satisfaction of charges is not recorded within the time limit for completition of assessment, assessment is not valid
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