https://www.taxtmi.com/caselaws?id=205261 The High Court ruled in favor of the revenue department, overturning the Tribunal's decision on the limitation period for a block assessment. Despite discrepancies in the assessment order received by the assessee, the Court held that the assessment was completed within the prescribed period. The Court emphasized the importance of timely completion of assessment over the service of the assessment order, citing relevant legal provisions and Supreme Court decisions. The case was remanded to the Income-tax Appellate Tribunal for a reevaluation on merits, with instructions to expedite the process and reach a final decision within three months. en-us Thu, 06 Jan 2011 00:00:00 +0530 Wed, 03 Jul 2013 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205261 The High Court ruled in favor of the revenue department, overturning the Tribunal's decision on the limitation period for a block assessment. Despite discrepancies in the assessment order received by the assessee, the Court held that the assessment was completed within the prescribed period. The Court emphasized the importance of timely completion of assessment over the service of the assessment order, citing relevant legal provisions and Supreme Court decisions. The case was remanded to the Income-tax Appellate Tribunal for a reevaluation on merits, with instructions to expedite the process and reach a final decision within three months. Case-Laws Income Tax Thu, 06 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205261