| COURT: | Madras High Court |
| CORAM: | R. Karuppiah J, R. Sudhakar J |
| SECTION(S): | 158BC, 158BD |
| GENRE: | Domestic Tax |
| CATCH WORDS: | block assessment, limitation period |
| COUNSEL: | N. V. Balaji |
| DATE: | November 11, 2014 (Date of pronouncement) |
| DATE: | November 27, 2014 (Date of publication) |
| AY: | 2000-01 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| S. 158BD: Issue of notice u/s 158BD to the non-searched party has to be within the two years period given to the AO for completion of block assessment u/s 158BE(1) | |
The AO passed an order u/s 158BC in the case of Sree Gokulam Chits and Finance Company Limited. After the expiry of two years, he initiated proceedings u/s 158BD against the assessee. The Tribunal struck down the s. 158BD proceedings …
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