https://www.taxtmi.com/caselaws?id=203770 The High Court affirmed the decisions of the Commissioner and the Tribunal in a case concerning the time bar under section 158BD of the Income-tax Act. The Court held that the notice issued on July 27, 1999, was appropriate, and the subsequent notice on February 7, 2001, was invalid due to technical errors. Emphasizing that the completion of block assessment must occur within two years of the notice, the Court concluded that the assessment was within the prescribed period. The appeal was dismissed, and the lower authorities' decisions were upheld. en-us Mon, 30 Nov 2009 00:00:00 +0530 Fri, 21 Dec 2012 13:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203770 The High Court affirmed the decisions of the Commissioner and the Tribunal in a case concerning the time bar under section 158BD of the Income-tax Act. The Court held that the notice issued on July 27, 1999, was appropriate, and the subsequent notice on February 7, 2001, was invalid due to technical errors. Emphasizing that the completion of block assessment must occur within two years of the notice, the Court concluded that the assessment was within the prescribed period. The appeal was dismissed, and the lower authorities' decisions were upheld. Case-Laws Income Tax Mon, 30 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203770