https://www.taxtmi.com/caselaws?id=2887 The court upheld the validity of the search and seizure operations conducted until August 5, 1998, finding them authorized and not unduly prolonged. It determined that the period of limitation for completing the block assessment expired on August 31, 2000, based on the last panchnama drawn on August 5, 1998. The court set aside the order directing a special audit under Section 142(2A) due to non-compliance with principles of natural justice. It excluded the period of litigation from the calculation of the limitation period and allowed the Respondents to decide on further actions regarding the special audit. en-us Fri, 15 Dec 2006 00:00:00 +0530 Wed, 30 Jul 2008 18:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2887 The court upheld the validity of the search and seizure operations conducted until August 5, 1998, finding them authorized and not unduly prolonged. It determined that the period of limitation for completing the block assessment expired on August 31, 2000, based on the last panchnama drawn on August 5, 1998. The court set aside the order directing a special audit under Section 142(2A) due to non-compliance with principles of natural justice. It excluded the period of litigation from the calculation of the limitation period and allowed the Respondents to decide on further actions regarding the special audit. Case-Laws Income Tax Fri, 15 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2887