https://www.taxtmi.com/caselaws?id=459830 ITAT Ahmedabad held that AO lacked jurisdiction to initiate proceedings u/s 153C for AY 2011-12. Documents were received by AO in FY 2017-18 relevant to AY 2018-19, allowing proceedings only for six preceding years (AY 2017-18 to 2012-13). For years beyond six but within ten years, escaped income must exceed Rs. 50 lakhs. Since addition was only Rs. 22.56 lakhs in AY 2011-12, the threshold wasn't met. Assessment order u/s 153C r.w.s. 143(3) was quashed as beyond jurisdiction. Assessee's appeal allowed. en-us Mon, 01 Jul 2024 00:00:00 +0530 Mon, 30 Dec 2024 19:58:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459830 ITAT Ahmedabad held that AO lacked jurisdiction to initiate proceedings u/s 153C for AY 2011-12. Documents were received by AO in FY 2017-18 relevant to AY 2018-19, allowing proceedings only for six preceding years (AY 2017-18 to 2012-13). For years beyond six but within ten years, escaped income must exceed Rs. 50 lakhs. Since addition was only Rs. 22.56 lakhs in AY 2011-12, the threshold wasn't met. Assessment order u/s 153C r.w.s. 143(3) was quashed as beyond jurisdiction. Assessee's appeal allowed. Case-Laws Income Tax Mon, 01 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459830