https://www.taxtmi.com/caselaws?id=781190 HC held that assessment notices under s.153C are time-barred where issued beyond the ten-year maximum period computed under Explanation 1 to s.153A. Relying on precedent, the limitation period begins from the end of the assessment year in which records are transferred by the AO of the searched party to the AO of the third party. Applying that rule, the HC found the impugned s.153C notice relating to AY 2010-11 was issued after the ten-year period and thus barred by limitation. en-us Tue, 04 Nov 2025 00:00:00 +0530 Wed, 12 Nov 2025 08:17:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781190 HC held that assessment notices under s.153C are time-barred where issued beyond the ten-year maximum period computed under Explanation 1 to s.153A. Relying on precedent, the limitation period begins from the end of the assessment year in which records are transferred by the AO of the searched party to the AO of the third party. Applying that rule, the HC found the impugned s.153C notice relating to AY 2010-11 was issued after the ten-year period and thus barred by limitation. Case-Laws Income Tax Tue, 04 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781190