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2013 (1) TMI 15 - MADRAS HIGH COURTPeriod of limitation – Block assessment – Chapter XIV-B - Time limit for completion of block assessment - The assessee was also subjected to search on 19.1.1996 - Notice of assessment issued on 20.9.1996 - The assessment was made on 22.9.1997 - Revenue took the plea that the case of the assessee fell u/s 158BD - Assessee contended that case will be covered u/s 158BC – Held that:- When the limitation for completion of the assessment u/s 158BC is one year from the end of the month in which the last of the authorisation for search was executed and it having already expired. Decides in favour of assessee
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