Block Assessment Order not time barred as passed within period prescribed u/s. 158BE(1)(b)

CIT Vs Vedanta Limited (Madras High Court) Madras High Court held that block assessment order passed u/s. 143(3) r.w.s. 158BC of the Income Tax Act has been passed within the period prescribed u/s. 158BE(1)(b) of the Income Tax Act and hence not barred by limitation. Facts- A search was conducted at the premises of the respondent assessee on 08.12.1999. About 108 files were seized from the custody of the Respondent-Assessee. However, the search was not completed on 08.12.1999. Therefore, a Prohibitory Order was passed u/s. 132(3) of the Income Tax Act, 1961 on 09.12.1999. Subsequently, the sea...