https://www.taxtmi.com/caselaws?id=762040 ITAT Delhi held that assessment proceedings under section 153C for AYs 2011-12, 2012-13, and 2013-14 were void ab initio as satisfaction was recorded beyond the jurisdictional time limit on 18.01.2021. Regarding rental income additions for AYs 2014-15 to 2016-17 based on a valuation report dated 08.04.2010 found during search at third party premises, the tribunal deleted the additions. The valuation report was deemed not incriminating material as it lacked corroborating evidence showing undisclosed income, and AO failed to establish how it constituted incriminating material against the assessee. en-us Wed, 20 Nov 2024 00:00:00 +0530 Thu, 21 Nov 2024 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762040 ITAT Delhi held that assessment proceedings under section 153C for AYs 2011-12, 2012-13, and 2013-14 were void ab initio as satisfaction was recorded beyond the jurisdictional time limit on 18.01.2021. Regarding rental income additions for AYs 2014-15 to 2016-17 based on a valuation report dated 08.04.2010 found during search at third party premises, the tribunal deleted the additions. The valuation report was deemed not incriminating material as it lacked corroborating evidence showing undisclosed income, and AO failed to establish how it constituted incriminating material against the assessee. Case-Laws Income Tax Wed, 20 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762040