Dismissing the appeal of the revenue the Tribunal held that ; As the time limit for issuing notice for assessment was expired prior to date of search having expired and no material was found during the search , block assessment was held to be bad in law .(AY. 2006 -07 to 2009 -10)
CIT v. Saravana Stores (TEX) (2018) 61 ITR 20 (Chennai) (Trib)
S. 153A : Assessment – Search- Time limit for issuing notice for assessment was expired prior to date of search having expired and no material was found during the search , block assessment was held to be bad in law .[ S. 143(2) ]