https://www.taxtmi.com/caselaws?id=385151 The Court found the writ applications maintainable, interpreting the amended provisions of Section 153C of the Act to apply prospectively from 01.06.2015. It clarified that the limitation period for notice u/s. 153C is not rendered barred solely by the elapse of the initial period. The Court specified the relevant assessment years under Section 153A and quashed the impugned notices and assessment orders under Section 153C, ruling the initiation of proceedings as without jurisdiction. The judgment aligned with established legal principles, allowing the petition and making the rule absolute in favor of the petitioners, with no order as to costs. en-us Tue, 27 Aug 2019 00:00:00 +0530 Thu, 29 Aug 2019 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385151 The Court found the writ applications maintainable, interpreting the amended provisions of Section 153C of the Act to apply prospectively from 01.06.2015. It clarified that the limitation period for notice u/s. 153C is not rendered barred solely by the elapse of the initial period. The Court specified the relevant assessment years under Section 153A and quashed the impugned notices and assessment orders under Section 153C, ruling the initiation of proceedings as without jurisdiction. The judgment aligned with established legal principles, allowing the petition and making the rule absolute in favor of the petitioners, with no order as to costs. Case-Laws Income Tax Tue, 27 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385151