Delay in Initiating Proceedings u/s 158BD Deemed Unreasonable: Notice Issued After Three Years, Assessment Took Seven Years. https://www.taxtmi.com/highlights?id=42911 It was essential that the AO should have taken the proceedings u/s 158BD within a reasonable time, and a period of three years for issuance of notice and seven years for completing block assessment is definitely not a reasonable time. en-us Tue, 27 Nov 2018 08:37:18 +0530 Tue, 27 Nov 2018 08:37:18 +0530 TaxTMI RSS Generator Delay in Initiating Proceedings u/s 158BD Deemed Unreasonable: Notice Issued After Three Years, Assessment Took Seven Years. https://www.taxtmi.com/highlights?id=42911 It was essential that the AO should have taken the proceedings u/s 158BD within a reasonable time, and a period of three years for issuance of notice and seven years for completing block assessment is definitely not a reasonable time. Highlights Income Tax Tue, 27 Nov 2018 08:37:18 +0530 https://www.taxtmi.com/highlights?id=42911