https://www.taxtmi.com/caselaws?id=461329 Delhi HC held that reopening of assessment for AY 2015-16 was beyond the limitation period under Section 153C. The court found no satisfaction note was prepared by the AO of the searched person as required, and relevant material was not handed over to the assessee's AO. The satisfaction note dated 28.03.2024, approved on 29.08.2024, could not be considered as prepared by the searched person's AO. Computing limitation from the approval date, AY 2015-16 exceeded the ten-year period prescribed under Section 153C. The petition was decided in favor of the assessee. en-us Tue, 14 Jan 2025 00:00:00 +0530 Fri, 28 Mar 2025 19:00:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461329 Delhi HC held that reopening of assessment for AY 2015-16 was beyond the limitation period under Section 153C. The court found no satisfaction note was prepared by the AO of the searched person as required, and relevant material was not handed over to the assessee's AO. The satisfaction note dated 28.03.2024, approved on 29.08.2024, could not be considered as prepared by the searched person's AO. Computing limitation from the approval date, AY 2015-16 exceeded the ten-year period prescribed under Section 153C. The petition was decided in favor of the assessee. Case-Laws Income Tax Tue, 14 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461329