Block assessment passed after period of limitation U/s. 158BE of the Act is bad in law

In this appeal, the assessee has challenged the order of Block Assessment passed by the Assessing Officer by contending that the impugned order was barred by the period of limitation prescribed under section 158BE of the Income-tax Act, 1961 and therefore, the said order was bad in law.

IN THE ITAT MUMBAI BENCH

‘E’ (THIRD MEMBER)

G.D. AGRAWAL, VICE PRESIDENT (AS A THIRD MEMBER) K.C. SINGHAL, VICE PRESIDENT AND S.C. TIWARI, ACCOUNTANT MEMBER

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