https://www.taxtmi.com/caselaws?id=263065 The Court dismissed the appeal challenging the validity of the assessment under Section 143(1) for the Assessment Year 2009-10, affirming the Income Tax Appellate Tribunal's decision. The main issue revolved around the interpretation of the first proviso to Section 153C (1) of the Income Tax Act, with reliance on the precedent set by SSP Aviation Ltd. v. Deputy Commissioner of Income Tax. The Court emphasized the importance of the date of receiving seized material in determining the abatement of proceedings for the other person involved, as clarified in the judgment and supported by guidelines from a CBDT circular. en-us Tue, 11 Aug 2015 00:00:00 +0530 Wed, 26 Aug 2015 10:14:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263065 The Court dismissed the appeal challenging the validity of the assessment under Section 143(1) for the Assessment Year 2009-10, affirming the Income Tax Appellate Tribunal's decision. The main issue revolved around the interpretation of the first proviso to Section 153C (1) of the Income Tax Act, with reliance on the precedent set by SSP Aviation Ltd. v. Deputy Commissioner of Income Tax. The Court emphasized the importance of the date of receiving seized material in determining the abatement of proceedings for the other person involved, as clarified in the judgment and supported by guidelines from a CBDT circular. Case-Laws Income Tax Tue, 11 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263065