https://www.taxtmi.com/caselaws?id=429011 The HC of Madras addressed challenges to notices under Section 142(1) and assessment orders under Section 153C of the Income Tax Act, 1961. The court directed petitioners to pursue statutory remedies for the first issue. It set aside an impugned order for one petitioner under Section 153C due to unsatisfied conditions, while confirming another assessment order. The court also differentiated between assessments within and outside the block period, leading to the setting aside of an impugned order for a petitioner who did not meet the conditions. The judgment emphasized the importance of legal provisions and practical considerations. en-us Fri, 16 Sep 2022 00:00:00 +0530 Fri, 20 Dec 2024 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429011 The HC of Madras addressed challenges to notices under Section 142(1) and assessment orders under Section 153C of the Income Tax Act, 1961. The court directed petitioners to pursue statutory remedies for the first issue. It set aside an impugned order for one petitioner under Section 153C due to unsatisfied conditions, while confirming another assessment order. The court also differentiated between assessments within and outside the block period, leading to the setting aside of an impugned order for a petitioner who did not meet the conditions. The judgment emphasized the importance of legal provisions and practical considerations. Case-Laws Income Tax Fri, 16 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429011