https://www.taxtmi.com/caselaws?id=65468 The Tribunal ruled in favor of the assessee, canceling the assessment made by the AO as it was deemed time-barred due to the completion of the search and seizure operation on 17th Nov., 2000, requiring the assessment order to be passed by 30th Nov., 2002. The alleged restraint order dated 3rd Jan., 2001, was considered a release order, and the jewellery under restraint was released on that date. The CIT(A) rejected the assessee's contentions without valid reasons, leading to the cancellation of the assessment. en-us Tue, 14 Nov 2006 00:00:00 +0530 Thu, 26 Jul 2012 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65468 The Tribunal ruled in favor of the assessee, canceling the assessment made by the AO as it was deemed time-barred due to the completion of the search and seizure operation on 17th Nov., 2000, requiring the assessment order to be passed by 30th Nov., 2002. The alleged restraint order dated 3rd Jan., 2001, was considered a release order, and the jewellery under restraint was released on that date. The CIT(A) rejected the assessee's contentions without valid reasons, leading to the cancellation of the assessment. Case-Laws Income Tax Tue, 14 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65468