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2016 (10) TMI 937 - AT - Income TaxValidity of block assessment - period of limitation - Held that:- the date of conclusion of search can not be taken as 14.02.2000 and has to be either 17.12.1999 or 23.12.1999 especially when nothing was found and seized on 14.2.2000. Moreover it is also clearly mentioned in the punchnama dated 17.12.1999 and dated 23.12.1999 that the search was finally concluded and not on 14.2.2000. - limitation shall not extend to the date of passing order u/s 132(3) of the Act. The facts of the assessee’s case are squarely covered by the decision of Mrs.Sandhya B. Nayak & Others (2000 (12) TMI 21 - BOMBAY High Court ). The decisions relied by the revenue in its support are distinguishable on facts and therefore the ratio decendi of same is not applicable to the facts of the present case .In view of the above facts we set aside the order of AO and hold the block assessment as barred by limitation as discussed above
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