https://www.taxtmi.com/caselaws?id=178057 The HC upheld the Tribunal's findings, confirming the block assessment order was barred by limitation due to the invalidity of the Panchnama dated 12th Feb., 1996. The Tribunal's jurisdiction to examine the search duration was validated, as was its consideration of material evidence. The determination that profit realization in land sale transactions occurs upon transaction completion was also upheld. Consequently, the appeals were dismissed. en-us Tue, 01 Jul 2008 00:00:00 +0530 Fri, 01 Dec 2023 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178057 The HC upheld the Tribunal's findings, confirming the block assessment order was barred by limitation due to the invalidity of the Panchnama dated 12th Feb., 1996. The Tribunal's jurisdiction to examine the search duration was validated, as was its consideration of material evidence. The determination that profit realization in land sale transactions occurs upon transaction completion was also upheld. Consequently, the appeals were dismissed. Case-Laws Income Tax Tue, 01 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178057