Assessment order invalid, notice u/s 153C mandatory post-search. 6-year period from seizure date. Assessee's grounds allowed.

Assessment order invalid, notice u/s 153C mandatory post-search. 6-year period from seizure date. Assessee's grounds allowed. https://www.taxtmi.com/highlights?id=79625 Assessment order passed u/s 143(3) by issuing notice u/s 143(2) quashed as invalid. Assessment for relevant assessment year should have been carried out by issuing notice u/s 153C in case of search. Six-year period for initiating proceedings u/s 153C reckoned from date of recording satisfaction regarding possession of seized documents. Additional grounds raised by assessee allowed. en-us Tue, 23 Jul 2024 08:50:06 +0530 Tue, 23 Jul 2024 08:50:06 +0530 TaxTMI RSS Generator Assessment order invalid, notice u/s 153C mandatory post-search. 6-year period from seizure date. Assessee's grounds allowed. https://www.taxtmi.com/highlights?id=79625 Assessment order passed u/s 143(3) by issuing notice u/s 143(2) quashed as invalid. Assessment for relevant assessment year should have been carried out by issuing notice u/s 153C in case of search. Six-year period for initiating proceedings u/s 153C reckoned from date of recording satisfaction regarding possession of seized documents. Additional grounds raised by assessee allowed. Highlights Income Tax Tue, 23 Jul 2024 08:50:06 +0530 https://www.taxtmi.com/highlights?id=79625