https://www.taxtmi.com/caselaws?id=433225 The Tribunal ruled in favor of the Assessee, finding that the Assessing Officer's initiation of the notice under Section 153C was incorrect due to a miscalculation of the limitation period based on the date of receipt of seized assets. As a result, the assessments for the years 2006-07 and 2007-08 were deemed void and quashed, emphasizing the necessity of complying with statutory provisions regarding jurisdiction under the Income Tax Act. The Assessee's appeals were allowed, solely on the jurisdictional issue, with other grounds not being considered. en-us Mon, 23 Jan 2023 00:00:00 +0530 Tue, 24 Jan 2023 10:12:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433225 The Tribunal ruled in favor of the Assessee, finding that the Assessing Officer's initiation of the notice under Section 153C was incorrect due to a miscalculation of the limitation period based on the date of receipt of seized assets. As a result, the assessments for the years 2006-07 and 2007-08 were deemed void and quashed, emphasizing the necessity of complying with statutory provisions regarding jurisdiction under the Income Tax Act. The Assessee's appeals were allowed, solely on the jurisdictional issue, with other grounds not being considered. Case-Laws Income Tax Mon, 23 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433225