https://www.taxtmi.com/caselaws?id=337727 The High Court affirmed the Tribunal's decision in an Income Tax appeal regarding block assessment under Section 158BE of the Income Tax Act. The Court held that the assessment order dated 29.08.2002 was invalid as it exceeded the one-year limitation period, quashing the order due to the timeline of requisition execution. The Court emphasized the significance of complying with statutory limitation periods, ruling in favor of the assessee and against the department. en-us Tue, 10 Jan 2017 00:00:00 +0530 Sat, 14 Jan 2017 07:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337727 The High Court affirmed the Tribunal's decision in an Income Tax appeal regarding block assessment under Section 158BE of the Income Tax Act. The Court held that the assessment order dated 29.08.2002 was invalid as it exceeded the one-year limitation period, quashing the order due to the timeline of requisition execution. The Court emphasized the significance of complying with statutory limitation periods, ruling in favor of the assessee and against the department. Case-Laws Income Tax Tue, 10 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337727