https://www.taxtmi.com/caselaws?id=768140 The SC dismissed the review petition filed after a 433-day delay challenging the previous order upholding the interpretation of Section 153C(1). The Court affirmed that the proviso to Section 153C(1) addresses not only abatement but also the commencement date for the six-year limitation period for filing returns by third parties whose premises were not searched. The revenue's contention limiting the proviso's scope to abatement was rejected. Upon examination, the SC found no grounds warranting review and dismissed the petition both for delay and on merits. en-us Wed, 26 Mar 2025 00:00:00 +0530 Fri, 19 Jun 2026 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768140 The SC dismissed the review petition filed after a 433-day delay challenging the previous order upholding the interpretation of Section 153C(1). The Court affirmed that the proviso to Section 153C(1) addresses not only abatement but also the commencement date for the six-year limitation period for filing returns by third parties whose premises were not searched. The revenue's contention limiting the proviso's scope to abatement was rejected. Upon examination, the SC found no grounds warranting review and dismissed the petition both for delay and on merits. Case-Laws Income Tax Wed, 26 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768140