https://www.taxtmi.com/caselaws?id=309025 Validity of assessment under search assessments was determined by treating the assessment as an "order of assessment" only upon its communication; the statutory 21 month limitation for making an assessment after the financial year of the last search is computed from the end of that financial year, so the assessment must be communicated before expiry of that period. The court accepted the ITAT's reasoning that the last permissible date for completion was 31 December 2016 and that an uncommunicated draft does not constitute an assessment order; consequently the ITAT's allowance of the assessee's appeal was upheld. en-us Wed, 13 Jul 2022 00:00:00 +0530 Mon, 09 Feb 2026 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309025 Validity of assessment under search assessments was determined by treating the assessment as an "order of assessment" only upon its communication; the statutory 21 month limitation for making an assessment after the financial year of the last search is computed from the end of that financial year, so the assessment must be communicated before expiry of that period. The court accepted the ITAT's reasoning that the last permissible date for completion was 31 December 2016 and that an uncommunicated draft does not constitute an assessment order; consequently the ITAT's allowance of the assessee's appeal was upheld. Case-Laws Income Tax Wed, 13 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309025