https://www.taxtmi.com/caselaws?id=66665 The Tribunal dismissed the stay petition, allowing the assessment proceedings to continue for the assessment year 1987-88 under section 263. It held that the issues raised could be addressed during regular appellate proceedings, emphasizing that the assessment order was not time-barred. The Tribunal noted that matters concerning dissolution of the firm or slump sale of assets required adjudication in the appropriate forums, and the reduced limitation period for assessment under section 263 should be adhered to. en-us Fri, 26 Apr 2002 00:00:00 +0530 Sat, 05 Mar 2011 14:56:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66665 The Tribunal dismissed the stay petition, allowing the assessment proceedings to continue for the assessment year 1987-88 under section 263. It held that the issues raised could be addressed during regular appellate proceedings, emphasizing that the assessment order was not time-barred. The Tribunal noted that matters concerning dissolution of the firm or slump sale of assets required adjudication in the appropriate forums, and the reduced limitation period for assessment under section 263 should be adhered to. Case-Laws Income Tax Fri, 26 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66665