https://www.taxtmi.com/highlights?id=54362 Block assessment u/s 158BC - period of limitation u/s 158BE - In the case of the assessee herein on 07-11-2001, the investigation wing of department after almost one year has only converted the non-existent prohibitory order into deemed seizure, and therefore in the present case the panchnama dated 07-11-2001 is only for the purposes of extending the limitation period. - Therefore, the assessment order dated 28-11-2003 is barred by limitation - AT en-us Mon, 17 Aug 2020 11:04:29 +0530 Mon, 17 Aug 2020 11:04:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54362 Block assessment u/s 158BC - period of limitation u/s 158BE - In the case of the assessee herein on 07-11-2001, the investigation wing of department after almost one year has only converted the non-existent prohibitory order into deemed seizure, and therefore in the present case the panchnama dated 07-11-2001 is only for the purposes of extending the limitation period. - Therefore, the assessment order dated 28-11-2003 is barred by limitation - AT Highlights Income Tax Mon, 17 Aug 2020 11:04:29 +0530 https://www.taxtmi.com/highlights?id=54362