https://www.taxtmi.com/caselaws?id=773967 The Tribunal quashed assessments under section 153C for AYs 2010-11 to 2012-13 as barred by limitation. The case involved a non-searched person where the AO assumed jurisdiction following a search conducted on 05.10.2017 on a related person, with notices issued on 26.09.2019. The Tribunal held that for non-searched persons under section 153C, the limitation period must be computed from the date of receipt of incriminating material by the AO (26.09.2019), not from the search date. Applying this principle, the valid block period covered AYs 2014-15 to 2019-20, making the earlier assessments invalid. The Tribunal relied on established precedents including Supreme Court rulings and rejected Revenue's contention that limitation should run from the search date. en-us Fri, 13 Jun 2025 00:00:00 +0530 Tue, 01 Jul 2025 08:47:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773967 The Tribunal quashed assessments under section 153C for AYs 2010-11 to 2012-13 as barred by limitation. The case involved a non-searched person where the AO assumed jurisdiction following a search conducted on 05.10.2017 on a related person, with notices issued on 26.09.2019. The Tribunal held that for non-searched persons under section 153C, the limitation period must be computed from the date of receipt of incriminating material by the AO (26.09.2019), not from the search date. Applying this principle, the valid block period covered AYs 2014-15 to 2019-20, making the earlier assessments invalid. The Tribunal relied on established precedents including Supreme Court rulings and rejected Revenue's contention that limitation should run from the search date. Case-Laws Income Tax Fri, 13 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773967