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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