https://www.taxtmi.com/caselaws?id=461980 Tribunal ruled on tax assessment reopening under Section 153C of Income Tax Act. The key finding was that the ten-year block period for reassessment must be computed from the end of the assessment year relevant to the financial year of search. Since the assessment year under consideration fell outside this limitation period, the reopening of assessment was held barred. The appeal was allowed in favor of the assessee, invalidating the assessment order. en-us Fri, 26 Jul 2024 00:00:00 +0530 Mon, 12 May 2025 19:09:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461980 Tribunal ruled on tax assessment reopening under Section 153C of Income Tax Act. The key finding was that the ten-year block period for reassessment must be computed from the end of the assessment year relevant to the financial year of search. Since the assessment year under consideration fell outside this limitation period, the reopening of assessment was held barred. The appeal was allowed in favor of the assessee, invalidating the assessment order. Case-Laws Income Tax Fri, 26 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461980