https://www.taxtmi.com/caselaws?id=772445 ITAT Jaipur held that notices under section 153C against third parties must be issued within six years from the date of receipt of seized material, not from the search date. Following SC precedent in Jasjit Singh, the tribunal ruled that requiring action based on the original search date would impose unreasonable record-keeping burdens on assessees for up to ten years. The court deleted additions made by the AO, finding the revenue's objections regarding on-money transactions and property acquisition costs lacked merit since related firm appeals were not before the tribunal, making the issues academic. en-us Wed, 12 Mar 2025 00:00:00 +0530 Mon, 09 Jun 2025 07:29:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772445 ITAT Jaipur held that notices under section 153C against third parties must be issued within six years from the date of receipt of seized material, not from the search date. Following SC precedent in Jasjit Singh, the tribunal ruled that requiring action based on the original search date would impose unreasonable record-keeping burdens on assessees for up to ten years. The court deleted additions made by the AO, finding the revenue's objections regarding on-money transactions and property acquisition costs lacked merit since related firm appeals were not before the tribunal, making the issues academic. Case-Laws Income Tax Wed, 12 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772445