https://www.taxtmi.com/caselaws?id=255276 The High Court held that the assessment was not time-barred as the amendment to the Income Tax Act extended the limitation period for block assessment. The Court also found that the assessee was not given a reasonable opportunity of hearing during the assessment proceedings, leading to the matter being remanded for fresh adjudication to uphold principles of natural justice. The Court ruled in favor of the revenue on both issues, disposing of all appeals accordingly. en-us Mon, 17 Nov 2014 00:00:00 +0530 Tue, 13 Jan 2015 09:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255276 The High Court held that the assessment was not time-barred as the amendment to the Income Tax Act extended the limitation period for block assessment. The Court also found that the assessee was not given a reasonable opportunity of hearing during the assessment proceedings, leading to the matter being remanded for fresh adjudication to uphold principles of natural justice. The Court ruled in favor of the revenue on both issues, disposing of all appeals accordingly. Case-Laws Income Tax Mon, 17 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255276