COMMISSIONER OF INCOME TAX Vs. RAMESH CHAND SONI

JUDGEMENT

(1.) HEARD learned counsel for the parties.

(2.) THIS appeal is directed against the order of Tribunal, Jodhpur Bench, Jodhpur, dt. 9th May, 2003 (reported as Asstt. CIT v. Ramesh Chand Soni (2003) 81 TTJ (Jd) 253), deciding cross -appeals filed by the assessee and the Revenue in respect of block assessment period 1st April, 1988 to 15th July, 1998, pursuant to a search which has taken place on the premises of the assessee in August, 1998.

(3.) WITH regard to substantial question of law raised in this appeal about the expiry of limitation for completing the assessment for the block period in terms of Section 158BE, the Tribunal found the assessment of block period 1988 -89 framed on 8th March, 2001 to be barred by time in view of the existing provisions as on the date the assessment was made.