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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

It was essential that the AO should have taken the proceedings ...


Delay in Initiating Proceedings u/s 158BD Deemed Unreasonable: Notice Issued After Three Years, Assessment Took Seven Years.

November 27, 2018

Case Laws     Income Tax     HC

It was essential that the AO should have taken the proceedings u/s 158BD within a reasonable time, and a period of three years for issuance of notice and seven years for completing block assessment is definitely not a reasonable time.

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