https://www.taxtmi.com/caselaws?id=179057 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to quash the assessment proceedings due to an unreasonable delay in issuing the notice under section 158BC read with section 158BD of the Income-tax Act, 1961. The Tribunal clarified that the time limit for completing the assessment under section 158BE should also govern the issuance of notices under section 158BD. Additionally, it ruled that section 292BB was not applicable retrospectively to the notice issued before its enactment. en-us Fri, 11 Feb 2011 00:00:00 +0530 Mon, 21 Aug 2023 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179057 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to quash the assessment proceedings due to an unreasonable delay in issuing the notice under section 158BC read with section 158BD of the Income-tax Act, 1961. The Tribunal clarified that the time limit for completing the assessment under section 158BE should also govern the issuance of notices under section 158BD. Additionally, it ruled that section 292BB was not applicable retrospectively to the notice issued before its enactment. Case-Laws Income Tax Fri, 11 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179057