https://www.taxtmi.com/caselaws?id=755913 For a person other than the searched person, the date on which the Assessing Officer records satisfaction on receipt of seized material is the deemed search date for identifying assessment years covered by section 153C. As the satisfaction note was recorded on 30.06.2022, AY 2023-24 was the relevant assessment year and AY 2021-22 fell within the six preceding years. Accordingly, assessment for AY 2021-22 was required to proceed under section 153C rather than through notice under section 143(2) and assessment under section 143(3); the latter proceedings were invalid and quashed. en-us Wed, 10 Jul 2024 00:00:00 +0530 Thu, 30 Jul 2026 12:54:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755913 For a person other than the searched person, the date on which the Assessing Officer records satisfaction on receipt of seized material is the deemed search date for identifying assessment years covered by section 153C. As the satisfaction note was recorded on 30.06.2022, AY 2023-24 was the relevant assessment year and AY 2021-22 fell within the six preceding years. Accordingly, assessment for AY 2021-22 was required to proceed under section 153C rather than through notice under section 143(2) and assessment under section 143(3); the latter proceedings were invalid and quashed. Case-Laws Income Tax Wed, 10 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755913