https://www.taxtmi.com/caselaws?id=181450 The Tribunal held that the block assessment order under section 158BD was barred by limitation as the notice was issued after two years from the completion of assessment of the person searched. Emphasizing the importance of timely action, the Tribunal referred to statutory provisions and previous rulings, concluding that the order was invalid. Consequently, the Tribunal dismissed the revenue's appeal and allowed the assessee's cross objection. en-us Thu, 22 Dec 2011 00:00:00 +0530 Mon, 28 Aug 2017 20:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181450 The Tribunal held that the block assessment order under section 158BD was barred by limitation as the notice was issued after two years from the completion of assessment of the person searched. Emphasizing the importance of timely action, the Tribunal referred to statutory provisions and previous rulings, concluding that the order was invalid. Consequently, the Tribunal dismissed the revenue's appeal and allowed the assessee's cross objection. Case-Laws Income Tax Thu, 22 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181450