https://www.taxtmi.com/caselaws?id=75638 The High Court upheld the Tribunal's decision that the block assessment order was time-barred and invalid. The Court found that the search was effectively completed on 29th August, 1996, and the assessment made on 28th November, 1997, was beyond the prescribed period, as no further tangible actions were taken by the Revenue within the time limit. The judgment stressed the significance of the completion date of the search and the requirement for concrete steps to be executed within the specified timeframe. en-us Fri, 09 Apr 2010 00:00:00 +0530 Wed, 23 Jan 2013 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75638 The High Court upheld the Tribunal's decision that the block assessment order was time-barred and invalid. The Court found that the search was effectively completed on 29th August, 1996, and the assessment made on 28th November, 1997, was beyond the prescribed period, as no further tangible actions were taken by the Revenue within the time limit. The judgment stressed the significance of the completion date of the search and the requirement for concrete steps to be executed within the specified timeframe. Case-Laws Income Tax Fri, 09 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75638