https://www.taxtmi.com/caselaws?id=68806 The Tribunal invalidated the notice and subsequent block assessment order u/s 158BD due to an unreasonable delay of over 8 years, finding them without jurisdiction. The block assessment order was deemed null and void as it was initiated after an unreasonable delay of more than 8 years, contrary to the requirement of issuance before 30-9-1997. The Tribunal emphasized the need for timely initiation of proceedings u/s 158BD within a reasonable period, akin to provisions under sections 147/148/149, leading to the cancellation of the assessment and allowing the assessee's appeal. en-us Fri, 21 Sep 2007 00:00:00 +0530 Fri, 14 Jun 2013 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68806 The Tribunal invalidated the notice and subsequent block assessment order u/s 158BD due to an unreasonable delay of over 8 years, finding them without jurisdiction. The block assessment order was deemed null and void as it was initiated after an unreasonable delay of more than 8 years, contrary to the requirement of issuance before 30-9-1997. The Tribunal emphasized the need for timely initiation of proceedings u/s 158BD within a reasonable period, akin to provisions under sections 147/148/149, leading to the cancellation of the assessment and allowing the assessee's appeal. Case-Laws Income Tax Fri, 21 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68806