https://www.taxtmi.com/caselaws?id=31113 The High Court allowed the appeal by the Revenue, setting aside the impugned orders and restoring the assessment order in a case concerning the block assessment being barred by time under Section 158BE. The court held that the retrospective effect of Explanation 2 deemed the authorization to have been executed on the actual receipt of assets, falling within the limitation period. The Revenue's arguments regarding the provisions of Section 158BG and previous approval were upheld, answering the questions framed in favor of the Revenue and against the assessee. en-us Mon, 28 Jan 2008 00:00:00 +0530 Sun, 19 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31113 The High Court allowed the appeal by the Revenue, setting aside the impugned orders and restoring the assessment order in a case concerning the block assessment being barred by time under Section 158BE. The court held that the retrospective effect of Explanation 2 deemed the authorization to have been executed on the actual receipt of assets, falling within the limitation period. The Revenue's arguments regarding the provisions of Section 158BG and previous approval were upheld, answering the questions framed in favor of the Revenue and against the assessee. Case-Laws Income Tax Mon, 28 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31113