2025 (1) TMI 1242

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..... LP - as decided by HC [2023 (8) TMI 162 - BOMBAY HIGH COURT] since, the Revenue has failed to produce the satisfaction note we have to and we hereby hold that the search action u/s 132(1) and, consequently, the block assessment order passed u/s 158BC, order levying penalty u/s 158BFA cannot survive as they are all predicated on the existence of a valid search - HELD THAT:- There is a gross delay o .....

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..... ss delay of 404 days in filing the Special Leave Petitions which has not been satisfactorily explained by the Revenue. 3. Even otherwise, we see no reason to interfere with the common impugned orders passed by the High Court. 4. The Special Leave Petitions are, accordingly, dismissed on the ground of delay as well as merits. 5. Pending applications, if any, also stand disposed of.
Case laws .....

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