https://www.taxtmi.com/highlights?id=68963 Block assessment u/s 158BC/158BE - Period of limitation - If the submission on behalf of the respective assessees that the date of the last authorization is to be considered for the purpose of starting point of limitation of two years, in that case, the entire object and purpose of Explanation 2 to Section 158BE would be frustrated. - the view taken by the High Court that the date of the Panchnama last drawn would be the relevant date for considering the period of limitation of two years and not the last date of authorization, we are in complete agreement with the view taken by the High Court. - SC en-us Tue, 28 Mar 2023 14:41:25 +0530 Tue, 28 Mar 2023 14:41:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68963 Block assessment u/s 158BC/158BE - Period of limitation - If the submission on behalf of the respective assessees that the date of the last authorization is to be considered for the purpose of starting point of limitation of two years, in that case, the entire object and purpose of Explanation 2 to Section 158BE would be frustrated. - the view taken by the High Court that the date of the Panchnama last drawn would be the relevant date for considering the period of limitation of two years and not the last date of authorization, we are in complete agreement with the view taken by the High Court. - SC Highlights Income Tax Tue, 28 Mar 2023 14:41:25 +0530 https://www.taxtmi.com/highlights?id=68963