https://www.taxtmi.com/caselaws?id=10902 The Court upheld the assessment for the block period 1987-88 to 1997-98 and affirmed the validity of the search and seizure conducted under section 132 of the Income-tax Act. The appellant's argument that the assessment was time-barred was rejected as the assessment was made within one year from the execution of the last authorization for search. The Court emphasized the need for lawful exercise of power under section 132 and dismissed the appellant's challenge to the search and seizure due to failure to raise the issue before the Assessing Officer. Justice S.N. Hussain concurred with the judgment. en-us Wed, 23 Jun 2004 00:00:00 +0530 Mon, 27 Jul 2009 16:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10902 The Court upheld the assessment for the block period 1987-88 to 1997-98 and affirmed the validity of the search and seizure conducted under section 132 of the Income-tax Act. The appellant's argument that the assessment was time-barred was rejected as the assessment was made within one year from the execution of the last authorization for search. The Court emphasized the need for lawful exercise of power under section 132 and dismissed the appellant's challenge to the search and seizure due to failure to raise the issue before the Assessing Officer. Justice S.N. Hussain concurred with the judgment. Case-Laws Income Tax Wed, 23 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10902