https://www.taxtmi.com/caselaws?id=771529 Section 153C jurisdiction depends on whether the relevant assessment year falls within the statutory block period computed from the date of the satisfaction note. Where the satisfaction note was recorded on 28 July 2022, the six-year block period was treated as extending only up to Assessment Year 2017-18, excluding Assessment Year 2016-17; the extended ten-year period did not apply. Consequently, the Section 153C notice for Assessment Year 2016-17 was beyond jurisdiction and unsustainable. Since the notice was the foundation for the assessment, the consequential proceedings and assessment order could not survive and were set aside. en-us Fri, 16 May 2025 00:00:00 +0530 Tue, 27 May 2025 08:32:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771529 Section 153C jurisdiction depends on whether the relevant assessment year falls within the statutory block period computed from the date of the satisfaction note. Where the satisfaction note was recorded on 28 July 2022, the six-year block period was treated as extending only up to Assessment Year 2017-18, excluding Assessment Year 2016-17; the extended ten-year period did not apply. Consequently, the Section 153C notice for Assessment Year 2016-17 was beyond jurisdiction and unsustainable. Since the notice was the foundation for the assessment, the consequential proceedings and assessment order could not survive and were set aside. Case-Laws Income Tax Fri, 16 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771529