https://www.taxtmi.com/caselaws?id=328291 The High Court of Calcutta upheld the Income Tax Appellate Tribunal's decision regarding the period of limitation for passing an assessment order after a search. The Court determined that the search concluded on January 15, 1999, based on the non-extension of the restraint order, rejecting the revenue authorities' argument for a later date. Emphasizing the need for timely proceedings, the Court affirmed the Tribunal's order, dismissing the appeal and ruling in favor of the assessee. The judgment highlighted the importance of promptly resolving tax issues based on the specific circumstances of each case. en-us Mon, 16 May 2016 00:00:00 +0530 Fri, 24 Jun 2016 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328291 The High Court of Calcutta upheld the Income Tax Appellate Tribunal's decision regarding the period of limitation for passing an assessment order after a search. The Court determined that the search concluded on January 15, 1999, based on the non-extension of the restraint order, rejecting the revenue authorities' argument for a later date. Emphasizing the need for timely proceedings, the Court affirmed the Tribunal's order, dismissing the appeal and ruling in favor of the assessee. The judgment highlighted the importance of promptly resolving tax issues based on the specific circumstances of each case. Case-Laws Income Tax Mon, 16 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328291