https://www.taxtmi.com/caselaws?id=216631 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s order that quashed the proceedings under Section 158BD and deleted the addition of Rs. 3,91,385. The Tribunal found the proceedings to be invalid due to the inordinate delay in initiating and completing them, citing precedents that deemed proceedings initiated after the completion of the assessment of the person searched as invalid. en-us Fri, 06 Jul 2012 00:00:00 +0530 Sat, 15 Sep 2012 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216631 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s order that quashed the proceedings under Section 158BD and deleted the addition of Rs. 3,91,385. The Tribunal found the proceedings to be invalid due to the inordinate delay in initiating and completing them, citing precedents that deemed proceedings initiated after the completion of the assessment of the person searched as invalid. Case-Laws Income Tax Fri, 06 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216631