https://www.taxtmi.com/caselaws?id=447957 ITAT Delhi held that assessments for A.Y. 2006-07 and 2007-08 under Section 153C were void ab initio. The search was conducted on 22.03.2012 and satisfaction was recorded on 18.11.2013. Following SC precedent in Jasjit Singh and Delhi HC in RRJ Securities Ltd, the tribunal ruled that assessments made pursuant to satisfaction recorded on 18.11.2013 were outside the scope of Section 153C of the Income Tax Act, 1961. Decision favored the assessee against revenue. en-us Fri, 29 Dec 2023 00:00:00 +0530 Mon, 08 Jan 2024 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447957 ITAT Delhi held that assessments for A.Y. 2006-07 and 2007-08 under Section 153C were void ab initio. The search was conducted on 22.03.2012 and satisfaction was recorded on 18.11.2013. Following SC precedent in Jasjit Singh and Delhi HC in RRJ Securities Ltd, the tribunal ruled that assessments made pursuant to satisfaction recorded on 18.11.2013 were outside the scope of Section 153C of the Income Tax Act, 1961. Decision favored the assessee against revenue. Case-Laws Income Tax Fri, 29 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447957