https://www.taxtmi.com/caselaws?id=371700 The High Court upheld the decision of the Income Tax Appellate Tribunal, ruling that the assessment order issued after a search and seizure action against the Respondent-Assessee was time-barred under Section 158BE(1)(b) of the Income Tax Act. The Court agreed that the search had concluded on 13th January, 1998, and not on 6th February, 1998, as argued by the Revenue. Citing previous judgments and legal precedent, the High Court dismissed the tax appeal, emphasizing the importance of adhering to statutory timelines for assessments post search and seizure actions to ensure procedural fairness and compliance. en-us Tue, 04 Dec 2018 00:00:00 +0530 Sat, 08 Dec 2018 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371700 The High Court upheld the decision of the Income Tax Appellate Tribunal, ruling that the assessment order issued after a search and seizure action against the Respondent-Assessee was time-barred under Section 158BE(1)(b) of the Income Tax Act. The Court agreed that the search had concluded on 13th January, 1998, and not on 6th February, 1998, as argued by the Revenue. Citing previous judgments and legal precedent, the High Court dismissed the tax appeal, emphasizing the importance of adhering to statutory timelines for assessments post search and seizure actions to ensure procedural fairness and compliance. Case-Laws Income Tax Tue, 04 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371700