https://www.taxtmi.com/caselaws?id=771884 Delhi HC held that notice under Section 153C for AY 2014-15 was barred by limitation. Court ruled that for searches conducted after 31.03.2021, there is no mandatory requirement for assessing officer to record satisfaction that assets/documents belong to person other than searched individual. The ten-year assessment block must be calculated from end of AY 2025-26, being relevant to financial year when Section 148 notice was issued. Petition allowed, notice set aside as time-barred. Decision favored assessee. en-us Tue, 27 May 2025 00:00:00 +0530 Sat, 31 May 2025 08:48:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771884 Delhi HC held that notice under Section 153C for AY 2014-15 was barred by limitation. Court ruled that for searches conducted after 31.03.2021, there is no mandatory requirement for assessing officer to record satisfaction that assets/documents belong to person other than searched individual. The ten-year assessment block must be calculated from end of AY 2025-26, being relevant to financial year when Section 148 notice was issued. Petition allowed, notice set aside as time-barred. Decision favored assessee. Case-Laws Income Tax Tue, 27 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771884