https://www.taxtmi.com/caselaws?id=408971 The court interpreted Explanation-I to Section 153 A of the Income Tax Act, 1961, focusing on the assessing officer's power to issue notices for assessment years. It clarified that the ten assessment years must be calculated from the end of the assessment year relevant to the previous year of the search. The court ruled in favor of the petitioner, quashing the notice for the assessment year 2009-10 as it exceeded the ten-year limit, allowing the writ petition and closing the connected miscellaneous petitions. en-us Wed, 24 Mar 2021 00:00:00 +0530 Fri, 25 Jun 2021 07:14:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408971 The court interpreted Explanation-I to Section 153 A of the Income Tax Act, 1961, focusing on the assessing officer's power to issue notices for assessment years. It clarified that the ten assessment years must be calculated from the end of the assessment year relevant to the previous year of the search. The court ruled in favor of the petitioner, quashing the notice for the assessment year 2009-10 as it exceeded the ten-year limit, allowing the writ petition and closing the connected miscellaneous petitions. Case-Laws Income Tax Wed, 24 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408971