2011 (6) TMI 977

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....peal filed by the Revenue, it has raised altogether 27 grounds. One of the main grievance raised by Revenue appears at ground No.26, whereby it assails the order of the CIT(Appeals) that the block assessment was time barred and bad in law. 2. When the matter was taken up for hearing, learned counsel for the assessee, placing a copy of order dated 4.3.2011 of Hon'ble jurisdictional High Court ....

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....Benches of different High Courts and Tribunal/Board have, on identical circumstances, held that the Prohibitory Order passed under section 132(3) shall be in force for 60 days and any search and seizure by lifting Prohibitory Order after 60 days does not amount to actual search and seizure, and any search and seizure after lifting the expired Prohibitory Order cannot be regarded as continuation of....