https://www.taxtmi.com/caselaws?id=793120 Section 11 of the Black Money Act prescribes a two-year limit for completing assessment from the end of the financial year in which notice under section 10(1) is issued, subject to the statutory exclusion for exchange-of-information references. The relaxation notifications under the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 were held not to extend limitation for assessments under the Black Money Act, as they applied to specified enactments and not to this Act. On the stated facts, the assessment order was passed after the permissible period and was therefore time-barred; the proceedings were quashed in favour of the assessee. en-us Fri, 05 Jun 2026 00:00:00 +0530 Tue, 09 Jun 2026 07:50:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793120 Section 11 of the Black Money Act prescribes a two-year limit for completing assessment from the end of the financial year in which notice under section 10(1) is issued, subject to the statutory exclusion for exchange-of-information references. The relaxation notifications under the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 were held not to extend limitation for assessments under the Black Money Act, as they applied to specified enactments and not to this Act. On the stated facts, the assessment order was passed after the permissible period and was therefore time-barred; the proceedings were quashed in favour of the assessee. Case-Laws Income Tax Fri, 05 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793120