https://www.taxtmi.com/caselaws?id=762675 The HC dismissed writ petitions challenging assessment notices under Section 153C as time-barred. The court held that under the proviso to Section 153B, the limitation period commences from the date when seized books/documents/assets are handed over to the assessing officer having jurisdiction, not from the search date. Since previous notices to transferor companies were void, their dates were irrelevant. The court found notices dated 30.12.2022 were within limitation as they were issued after jurisdictional transfer on 27.12.2022, rejecting petitioner's limitation arguments. en-us Fri, 25 Oct 2024 00:00:00 +0530 Wed, 04 Dec 2024 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762675 The HC dismissed writ petitions challenging assessment notices under Section 153C as time-barred. The court held that under the proviso to Section 153B, the limitation period commences from the date when seized books/documents/assets are handed over to the assessing officer having jurisdiction, not from the search date. Since previous notices to transferor companies were void, their dates were irrelevant. The court found notices dated 30.12.2022 were within limitation as they were issued after jurisdictional transfer on 27.12.2022, rejecting petitioner's limitation arguments. Case-Laws Income Tax Fri, 25 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762675