https://www.taxtmi.com/caselaws?id=459173 The ITAT Ahmedabad held that assessment orders u/s 153A r.w.s 143(3) passed on 27.02.2015 were time-barred as the limitation period expired on 31.03.2014 under both pre and post-amended provisions of s.153B. The tribunal confirmed CIT(A)'s findings on limitation, citing Gujarat HC precedent regarding relevant dates for amended s.153C provisions. Regarding offshore bank account additions, the tribunal found no incriminating documents during search proceedings and noted the department's reliance on unverified stolen documents from France. The search was deemed unsuccessful in substantiating the unverified data. Decision favored assessee against revenue. en-us Wed, 05 Apr 2023 00:00:00 +0530 Tue, 03 Dec 2024 19:05:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459173 The ITAT Ahmedabad held that assessment orders u/s 153A r.w.s 143(3) passed on 27.02.2015 were time-barred as the limitation period expired on 31.03.2014 under both pre and post-amended provisions of s.153B. The tribunal confirmed CIT(A)'s findings on limitation, citing Gujarat HC precedent regarding relevant dates for amended s.153C provisions. Regarding offshore bank account additions, the tribunal found no incriminating documents during search proceedings and noted the department's reliance on unverified stolen documents from France. The search was deemed unsuccessful in substantiating the unverified data. Decision favored assessee against revenue. Case-Laws Income Tax Wed, 05 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459173