https://www.taxtmi.com/caselaws?id=447805 The ITAT Delhi quashed assessment orders under section 153C read with section 143(3) for assessment years 2011-12 and 2012-13. For AY 2011-12, the tribunal held the Assessing Officer lacked valid jurisdiction as this year fell outside the mandatory six-year block period for section 153C assessments. For AY 2012-13, the tribunal found the incriminating material in the satisfaction note failed to establish correlation with the specific assessment year under consideration. Following precedents from Delhi HC and coordinate benches, both assessment orders dated 30.12.2018 were declared invalid and quashed along with all consequent proceedings. The appeals were decided in favor of the assessee. en-us Thu, 19 Oct 2023 00:00:00 +0530 Wed, 18 Dec 2024 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447805 The ITAT Delhi quashed assessment orders under section 153C read with section 143(3) for assessment years 2011-12 and 2012-13. For AY 2011-12, the tribunal held the Assessing Officer lacked valid jurisdiction as this year fell outside the mandatory six-year block period for section 153C assessments. For AY 2012-13, the tribunal found the incriminating material in the satisfaction note failed to establish correlation with the specific assessment year under consideration. Following precedents from Delhi HC and coordinate benches, both assessment orders dated 30.12.2018 were declared invalid and quashed along with all consequent proceedings. The appeals were decided in favor of the assessee. Case-Laws Income Tax Thu, 19 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447805