https://www.taxtmi.com/caselaws?id=755623 The ITAT Delhi ruled that assessment orders under section 153C for assessment years 2011-12 and 2012-13, passed on 26.12.2022 pursuant to a satisfaction note dated 24.9.2021, were time-barred and beyond jurisdiction. The tribunal held that additions could not be made as no incriminating material was found during the search. The assessment orders were deemed illegal due to limitation period violations. The assessee's appeals were allowed, effectively quashing the impugned assessment orders. en-us Fri, 12 Jul 2024 00:00:00 +0530 Tue, 16 Jul 2024 08:37:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755623 The ITAT Delhi ruled that assessment orders under section 153C for assessment years 2011-12 and 2012-13, passed on 26.12.2022 pursuant to a satisfaction note dated 24.9.2021, were time-barred and beyond jurisdiction. The tribunal held that additions could not be made as no incriminating material was found during the search. The assessment orders were deemed illegal due to limitation period violations. The assessee's appeals were allowed, effectively quashing the impugned assessment orders. Case-Laws Income Tax Fri, 12 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755623