No Time Limit in Section 158BD, But Equity Demands Timely Proceedings to Avoid Prolonged Uncertainty for Taxpayers.

No Time Limit in Section 158BD, But Equity Demands Timely Proceedings to Avoid Prolonged Uncertainty for Taxpayers. https://www.taxtmi.com/highlights?id=5397 Though, the Act does not lay down any time limit for initiating proceedings u/s.158BD yet, equity demands that proceedings should not be kept pending indefinitely and the Sword of Damocles be kept hanging over the head of the taxpayer for an indefinite period - AT en-us Mon, 17 Sep 2012 07:05:00 +0530 Mon, 17 Sep 2012 07:05:00 +0530 TaxTMI RSS Generator No Time Limit in Section 158BD, But Equity Demands Timely Proceedings to Avoid Prolonged Uncertainty for Taxpayers. https://www.taxtmi.com/highlights?id=5397 Though, the Act does not lay down any time limit for initiating proceedings u/s.158BD yet, equity demands that proceedings should not be kept pending indefinitely and the Sword of Damocles be kept hanging over the head of the taxpayer for an indefinite period - AT Highlights Income Tax Mon, 17 Sep 2012 07:05:00 +0530 https://www.taxtmi.com/highlights?id=5397