Block assessment in Search Proceedings - How to determine the time limit and date of last panchnama for the purpose of completion of assessment proceedings:

Block assessment in Search Proceedings - How to determine the time limit and date of last panchnama for the purpose of completion of assessment proceedings: https://www.taxtmi.com/news?id=552 Determination of the limitation period for block assessments under Section 158BE(1)(b) depends on the date of the last panchnama; an unexplained intervening interval and use of a prohibitory or revocation order to continue searches cannot lawfully extend the statutory limitation, and where records show no justification for a later panchnama restarting the limitation clock the assessment is time-barred. en-us Fri, 29 Aug 2008 00:04:57 +0530 Fri, 29 Aug 2008 00:05:00 +0530 TaxTMI RSS Generator Block assessment in Search Proceedings - How to determine the time limit and date of last panchnama for the purpose of completion of assessment proceedings: https://www.taxtmi.com/news?id=552 Determination of the limitation period for block assessments under Section 158BE(1)(b) depends on the date of the last panchnama; an unexplained intervening interval and use of a prohibitory or revocation order to continue searches cannot lawfully extend the statutory limitation, and where records show no justification for a later panchnama restarting the limitation clock the assessment is time-barred. News - Fri, 29 Aug 2008 00:04:57 +0530 https://www.taxtmi.com/news?id=552