https://www.taxtmi.com/caselaws?id=171858 The Tribunal ruled in favor of the assessee, holding that the block assessment order under section 158BD of the Income Tax Act was time-barred due to a delay in issuing the notice. The delay of more than three years in initiating proceedings after the completion of assessment in the searched person's case was deemed unreasonable. As a result, the order was quashed, emphasizing the importance of timely issuance of notices in block assessment proceedings to adhere to statutory provisions and avoid being time-barred. en-us Fri, 06 Jan 2012 00:00:00 +0530 Thu, 06 Aug 2015 16:07:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171858 The Tribunal ruled in favor of the assessee, holding that the block assessment order under section 158BD of the Income Tax Act was time-barred due to a delay in issuing the notice. The delay of more than three years in initiating proceedings after the completion of assessment in the searched person's case was deemed unreasonable. As a result, the order was quashed, emphasizing the importance of timely issuance of notices in block assessment proceedings to adhere to statutory provisions and avoid being time-barred. Case-Laws Income Tax Fri, 06 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171858