https://www.taxtmi.com/caselaws?id=192634 The Tribunal held that the delay in issuing the notice u/s 158BD was unreasonable and arbitrary, quashing the consequential order passed by the assessing officer. It emphasized the need for the assessing officer to act swiftly and within a reasonable period. The Tribunal ruled that issuing the notice after two years from the completion of assessment against the searched person is barred by limitation. Consequently, the Tribunal allowed the taxpayer's appeal while dismissing the revenue's appeals based on jurisdiction and timing issues related to the notice u/s 158BD. en-us Thu, 28 Mar 2013 00:00:00 +0530 Thu, 08 Jun 2017 12:02:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192634 The Tribunal held that the delay in issuing the notice u/s 158BD was unreasonable and arbitrary, quashing the consequential order passed by the assessing officer. It emphasized the need for the assessing officer to act swiftly and within a reasonable period. The Tribunal ruled that issuing the notice after two years from the completion of assessment against the searched person is barred by limitation. Consequently, the Tribunal allowed the taxpayer's appeal while dismissing the revenue's appeals based on jurisdiction and timing issues related to the notice u/s 158BD. Case-Laws Income Tax Thu, 28 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192634