https://www.taxtmi.com/caselaws?id=760483 The ITAT Delhi held that assessments under Section 153C for Assessment Years 2011-12 and 2012-13 were invalid as they exceeded the 10-year outer ceiling limit. Following the Supreme Court decision in Jasjit Singh, the tribunal determined that the 10-year period should be computed backward from the end of the assessment year when the jurisdictional assessing officer recorded the satisfaction note (2022-23), making the contested assessment years fall beyond the statutory time limit. The appeal was decided in favor of the assessee. en-us Thu, 17 Oct 2024 00:00:00 +0530 Mon, 21 Oct 2024 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760483 The ITAT Delhi held that assessments under Section 153C for Assessment Years 2011-12 and 2012-13 were invalid as they exceeded the 10-year outer ceiling limit. Following the Supreme Court decision in Jasjit Singh, the tribunal determined that the 10-year period should be computed backward from the end of the assessment year when the jurisdictional assessing officer recorded the satisfaction note (2022-23), making the contested assessment years fall beyond the statutory time limit. The appeal was decided in favor of the assessee. Case-Laws Income Tax Thu, 17 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760483