https://www.taxtmi.com/caselaws?id=59364 The ITAT concluded that the block assessment order dated September 30, 1999, was barred by the limitation period under section 158BE of the Income-tax Act, 1961. The search was deemed concluded on July 29, 1997, and the subsequent panchnama dated September 8, 1997, was invalid for extending the limitation period. Consequently, the block assessment order was declared illegal and cancelled, resulting in the appeal being allowed in favor of the assessee. en-us Mon, 16 Jun 2008 00:00:00 +0530 Thu, 19 Dec 2024 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59364 The ITAT concluded that the block assessment order dated September 30, 1999, was barred by the limitation period under section 158BE of the Income-tax Act, 1961. The search was deemed concluded on July 29, 1997, and the subsequent panchnama dated September 8, 1997, was invalid for extending the limitation period. Consequently, the block assessment order was declared illegal and cancelled, resulting in the appeal being allowed in favor of the assessee. Case-Laws Income Tax Mon, 16 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59364