https://www.taxtmi.com/caselaws?id=286192 Proceedings under Section 153C of the Income-tax Act can be initiated only within six years from the end of the financial year preceding the date on which satisfaction is recorded. Where the satisfaction note was recorded on 02.02.2015, Assessment Year 2007-08 fell outside that six-year span, so initiation and assessment under Section 153C were held not permissible. The challenge to the proceedings therefore failed and the appeal was dismissed. en-us Tue, 23 Oct 2018 00:00:00 +0530 Sun, 16 Feb 2020 08:56:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286192 Proceedings under Section 153C of the Income-tax Act can be initiated only within six years from the end of the financial year preceding the date on which satisfaction is recorded. Where the satisfaction note was recorded on 02.02.2015, Assessment Year 2007-08 fell outside that six-year span, so initiation and assessment under Section 153C were held not permissible. The challenge to the proceedings therefore failed and the appeal was dismissed. Case-Laws Income Tax Tue, 23 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286192