PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
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The HC held that notices issued under section 153C are time-barred and therefore invalid. Applying the governing limitation principle, the ten-year block for assessment is computed from the date on which the jurisdictional AO of the non-searched person received books, documents or assets seized from the jurisdictional AO of the searched person. On the facts, the relevant assessment years (AYs 2010-11 to 2015-16) fell outside the ten-year period as of the notice dates. Consequently, the petitions by the taxpayers were allowed and the impugned notices dated 31.08.2024 and 12.09.2024 issued under section 153C were quashed.
The HC held that notices issued under section 153C are time-barred and therefore invalid. Applying the governing limitation principle, the ten-year block for assessment is computed from the date on which the jurisdictional AO of the non-searched person received books, documents or assets seized from the jurisdictional AO of the searched person. On the facts, the relevant assessment years (AYs 2010-11 to 2015-16) fell outside the ten-year period as of the notice dates. Consequently, the petitions by the taxpayers were allowed and the impugned notices dated 31.08.2024 and 12.09.2024 issued under section 153C were quashed.
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