https://www.taxtmi.com/caselaws?id=240107 The assessee challenged the notice under section 158BC, arguing the search was invalid as no seizure or incriminating material was found. The Tribunal held the second search during the first was unjustifiably prolonged, making it invalid. The assessment order was deemed barred by limitation and invalid as it was passed after the limitation period. Additionally, the assessment under section 158BC was invalidated due to the lack of seized incriminating material. The block assessment proceedings under section 158BD were held invalid as the satisfaction note was recorded after completion of the assessment. The assessee's appeals were allowed, setting aside the assessment orders, while the Revenue's appeal was dismissed. en-us Thu, 14 Feb 2013 00:00:00 +0530 Mon, 11 Nov 2013 14:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240107 The assessee challenged the notice under section 158BC, arguing the search was invalid as no seizure or incriminating material was found. The Tribunal held the second search during the first was unjustifiably prolonged, making it invalid. The assessment order was deemed barred by limitation and invalid as it was passed after the limitation period. Additionally, the assessment under section 158BC was invalidated due to the lack of seized incriminating material. The block assessment proceedings under section 158BD were held invalid as the satisfaction note was recorded after completion of the assessment. The assessee's appeals were allowed, setting aside the assessment orders, while the Revenue's appeal was dismissed. Case-Laws Income Tax Thu, 14 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240107