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1 - 6 of 6 (0.25 seconds)Section 132A in The Income Tax Act, 1961 [Entire Act]
Section 132 in The Income Tax Act, 1961 [Entire Act]
Section 158BC in The Income Tax Act, 1961 [Entire Act]
Section 292BB in The Income Tax Act, 1961 [Entire Act]
Shri Manoj Aggarwal, Bemco Jewellers ... vs Dcit on 25 July, 2008
12. Further even otherwise, there was inordinate delay in
issuing notice u/s. 158BD by the Assessing Officer. Being
so, as held by the Special Bench in the case of Manoj
Agarwal vs. DCIT, 113 ITD 377 (SB) there was inordinate
delay in issuing of notice u/s. 158BD, the assessment is
bad in law. In this case the block assessment ought to
have been completed before 28.2.2005 as the valid search
in the case of Sri Ramesh Babu has taken place on
21.02.2003 and the notice u/s. 158BD was issued on
25.2.2007 after a delay of 2 years and 5 months and the
issue of notice is beyond time limit prescribed to complete
the block assessment makes the assessment invalid being
it is not curable.
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