https://www.taxtmi.com/highlights?id=62684 Assessment u/s 158BC - period of limitation - Though the learned counsel for the appellant /Revenue contended that there is no time limit prescribed in the statute for completion of block assessment in respect of persons other than the person on whom search was made and therefore, the notice issued under section 158BD of the Act by the Assessing Officer is valid, this court is not inclined to accept the same, as it is settled law that where limitation is not prescribed, action must be taken within reasonable period. - HC en-us Thu, 31 Mar 2022 13:20:26 +0530 Thu, 31 Mar 2022 13:20:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62684 Assessment u/s 158BC - period of limitation - Though the learned counsel for the appellant /Revenue contended that there is no time limit prescribed in the statute for completion of block assessment in respect of persons other than the person on whom search was made and therefore, the notice issued under section 158BD of the Act by the Assessing Officer is valid, this court is not inclined to accept the same, as it is settled law that where limitation is not prescribed, action must be taken within reasonable period. - HC Highlights Income Tax Thu, 31 Mar 2022 13:20:26 +0530 https://www.taxtmi.com/highlights?id=62684