https://www.taxtmi.com/caselaws?id=196110 The court ruled in favor of the assessee, upholding the Tribunal's decision and dismissing the Department's appeal. The court determined that the assessment order was time-barred as the exclusion period for the audit direction started from the date of service on the assessee. Consequently, the assessment order passed after this exclusion period was deemed invalid. The judgment emphasized the importance of correctly interpreting statutory provisions for calculating limitation periods in block assessments and ensuring procedural compliance in tax matters. en-us Tue, 06 Dec 2016 00:00:00 +0530 Sun, 19 Nov 2017 06:33:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196110 The court ruled in favor of the assessee, upholding the Tribunal's decision and dismissing the Department's appeal. The court determined that the assessment order was time-barred as the exclusion period for the audit direction started from the date of service on the assessee. Consequently, the assessment order passed after this exclusion period was deemed invalid. The judgment emphasized the importance of correctly interpreting statutory provisions for calculating limitation periods in block assessments and ensuring procedural compliance in tax matters. Case-Laws Income Tax Tue, 06 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196110