https://www.taxtmi.com/caselaws?id=256679 The court upheld the validity of the search and seizure operations conducted under Section 132 of the Income-tax Act, 1961, at the business premises of M/s. Harbour Syndicate. It determined that the Assessing Officer correctly invoked Sections 158BC and 158BD for block assessment, with Section 158BC applying to the searched entity and Section 158BD to other individuals. While finding the assessment orders to be time-barred, the court remanded the matter for reconsideration on the merits. The court affirmed the legality of the procedures followed and clarified the application of Sections 158BC and 158BD, ultimately dismissing the appeals. en-us Wed, 12 Mar 2014 00:00:00 +0530 Thu, 19 Feb 2015 09:01:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256679 The court upheld the validity of the search and seizure operations conducted under Section 132 of the Income-tax Act, 1961, at the business premises of M/s. Harbour Syndicate. It determined that the Assessing Officer correctly invoked Sections 158BC and 158BD for block assessment, with Section 158BC applying to the searched entity and Section 158BD to other individuals. While finding the assessment orders to be time-barred, the court remanded the matter for reconsideration on the merits. The court affirmed the legality of the procedures followed and clarified the application of Sections 158BC and 158BD, ultimately dismissing the appeals. Case-Laws Income Tax Wed, 12 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256679