https://www.taxtmi.com/caselaws?id=393253 The High Court upheld the annulment of an assessment order for a block period, concluding that the order was beyond the limitation period prescribed under the Income Tax Act. The court affirmed that the search operation concluded in September 1998, making the assessment order passed in December 2000 time-barred. Additionally, the court clarified that subsequent actions, such as prohibitory orders, did not extend the limitation period. The Revenue's appeal was dismissed as no substantial question of law was found, and the decision of the first appellate authority and Tribunal was upheld. en-us Wed, 12 Feb 2020 00:00:00 +0530 Mon, 09 Mar 2020 08:43:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393253 The High Court upheld the annulment of an assessment order for a block period, concluding that the order was beyond the limitation period prescribed under the Income Tax Act. The court affirmed that the search operation concluded in September 1998, making the assessment order passed in December 2000 time-barred. Additionally, the court clarified that subsequent actions, such as prohibitory orders, did not extend the limitation period. The Revenue's appeal was dismissed as no substantial question of law was found, and the decision of the first appellate authority and Tribunal was upheld. Case-Laws Income Tax Wed, 12 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393253