https://www.taxtmi.com/caselaws?id=117746 The Tribunal held that the notices issued under section 158BD were invalid due to the Assessing Officer's failure to initiate assessment proceedings for the person searched and the unreasonable delay in issuing the notices. The service of notice in one case was deemed invalid as proper service is crucial for valid assessment proceedings. Consequently, the assessments were canceled, and the appeals of the assessees were allowed. en-us Thu, 30 Dec 2004 00:00:00 +0530 Tue, 26 Jun 2012 13:01:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117746 The Tribunal held that the notices issued under section 158BD were invalid due to the Assessing Officer's failure to initiate assessment proceedings for the person searched and the unreasonable delay in issuing the notices. The service of notice in one case was deemed invalid as proper service is crucial for valid assessment proceedings. Consequently, the assessments were canceled, and the appeals of the assessees were allowed. Case-Laws Income Tax Thu, 30 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117746