2011 (9) TMI 1204

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...., For the Respondent : SRI. A. SHANKAR & SRI. M.LAVA, ADV.) ORDER The revenue has preferred this appeal challenging the order passed by the Appellant Tribunal holding that the appropriate provision which is applicable is 158BC and not 158BD and therefore, the assessment order passed on 31-10-2001 in respect to the assessee is barred by law of limitation. 2. A eearoh warrant came to be issued ....

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....essment order came to be passed on 31.10.2001 where as the notice for assessment was issued on 26.10.1999. 3. Even though the Tribunal has set aside the order, the case of the revenue was it is a proceeding under Section 158 BD and not 158BC and therefore, the period of 2 years for passing the assessment order would not arise. The Tribunal has held that the premises of the assessee was searched o....