https://www.taxtmi.com/caselaws?id=351108 The ITAT dismissed the Revenue's appeal, upholding the Ld. CIT(A)'s decision that the assessment for A.Y. 2006-07 was time-barred and not covered under section 153C of the Income Tax Act. The ITAT determined that the computation of assessment years should consider the date of receiving seized documents as the initiation of search, leading to the conclusion that the assessment year 2006-07 fell outside the six-year limit under section 153C. As a result, the impugned assessment for A.Y. 2006-07 was deemed time-barred, and the appeal of the Revenue was dismissed. en-us Wed, 04 Oct 2017 00:00:00 +0530 Thu, 14 Dec 2017 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351108 The ITAT dismissed the Revenue's appeal, upholding the Ld. CIT(A)'s decision that the assessment for A.Y. 2006-07 was time-barred and not covered under section 153C of the Income Tax Act. The ITAT determined that the computation of assessment years should consider the date of receiving seized documents as the initiation of search, leading to the conclusion that the assessment year 2006-07 fell outside the six-year limit under section 153C. As a result, the impugned assessment for A.Y. 2006-07 was deemed time-barred, and the appeal of the Revenue was dismissed. Case-Laws Income Tax Wed, 04 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351108