https://www.taxtmi.com/caselaws?id=446419 The Jharkhand HC upheld the validity of reassessment notices issued under Section 148 for AY 2013-14, rejecting the petitioner's contention that the notices were time-barred. The court held that where search was conducted on a third party and documents relating to the assessee were seized, the 10-year limitation period under Section 149 applied. The court clarified that Section 153C(2) permits assessment in the same manner as Section 153A, and distinguished between survey and search was irrelevant. The AO was justified in reopening assessment with proper sanction from competent authority. Petition dismissed. en-us Tue, 28 Nov 2023 00:00:00 +0530 Fri, 12 Jul 2024 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446419 The Jharkhand HC upheld the validity of reassessment notices issued under Section 148 for AY 2013-14, rejecting the petitioner's contention that the notices were time-barred. The court held that where search was conducted on a third party and documents relating to the assessee were seized, the 10-year limitation period under Section 149 applied. The court clarified that Section 153C(2) permits assessment in the same manner as Section 153A, and distinguished between survey and search was irrelevant. The AO was justified in reopening assessment with proper sanction from competent authority. Petition dismissed. Case-Laws Income Tax Tue, 28 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446419