https://www.taxtmi.com/caselaws?id=787791 Assessments framed under section 153C consequent to search and seizure are governed by the limitation period in section 153B; for searches on or after 1 April 2019 the substituted twelve-month period from the end of the financial year in which seized books or documents are handed over (or the last authorization is executed) controls completion. Extensions relied upon by revenue do not extend that twelve-month period except where a transfer pricing reference under section 92CA is made. Applied to the facts, final orders dated 17/01/2025 were beyond the statutory period and were quashed. en-us Wed, 25 Feb 2026 00:00:00 +0530 Thu, 12 Mar 2026 08:33:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787791 Assessments framed under section 153C consequent to search and seizure are governed by the limitation period in section 153B; for searches on or after 1 April 2019 the substituted twelve-month period from the end of the financial year in which seized books or documents are handed over (or the last authorization is executed) controls completion. Extensions relied upon by revenue do not extend that twelve-month period except where a transfer pricing reference under section 92CA is made. Applied to the facts, final orders dated 17/01/2025 were beyond the statutory period and were quashed. Case-Laws Income Tax Wed, 25 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787791