https://www.taxtmi.com/caselaws?id=151730 The Tribunal ruled in favor of the assessee, holding that the block assessment order passed on November 28, 2000, was beyond the statutory time limit. The Tribunal determined that the search concluded on September 17, 1998, based on the panchnama drawn on that date, and not on November 13, 1998. Therefore, the assessment order exceeded the permissible time frame under section 158BE of the Income-tax Act, 1961. The Tribunal emphasized the importance of adhering to legal timelines and interpreting provisions accurately, ultimately invalidating the assessment order in favor of the assessee. en-us Thu, 29 Mar 2007 00:00:00 +0530 Sat, 15 Jun 2013 18:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151730 The Tribunal ruled in favor of the assessee, holding that the block assessment order passed on November 28, 2000, was beyond the statutory time limit. The Tribunal determined that the search concluded on September 17, 1998, based on the panchnama drawn on that date, and not on November 13, 1998. Therefore, the assessment order exceeded the permissible time frame under section 158BE of the Income-tax Act, 1961. The Tribunal emphasized the importance of adhering to legal timelines and interpreting provisions accurately, ultimately invalidating the assessment order in favor of the assessee. Case-Laws Income Tax Thu, 29 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151730