https://www.taxtmi.com/caselaws?id=13128 The HC held the block assessment was barred by limitation: the search concluded on Oct 20, 1996, so the one-year period for assessment expired Oct 31, 1997, but the assessment was completed Dec 31, 1997. The court found the authorised officers knew of 45 kg of silver in a sealed cupboard and could have seized it; a post hoc restraint order under s.132(3) (and a defective panchanama) did not amount to seizure or extend the limitation period. Proceedings on Oct 26 were not part of the original search. Appeals dismissed in limine. en-us Tue, 12 Dec 2000 00:00:00 +0530 Mon, 06 Oct 2025 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13128 The HC held the block assessment was barred by limitation: the search concluded on Oct 20, 1996, so the one-year period for assessment expired Oct 31, 1997, but the assessment was completed Dec 31, 1997. The court found the authorised officers knew of 45 kg of silver in a sealed cupboard and could have seized it; a post hoc restraint order under s.132(3) (and a defective panchanama) did not amount to seizure or extend the limitation period. Proceedings on Oct 26 were not part of the original search. Appeals dismissed in limine. Case-Laws Income Tax Tue, 12 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13128