https://www.taxtmi.com/caselaws?id=788957 Search-related assessment under the Income-tax Act, 1961 was held to be time-barred because the reduced 12-month limitation under the fourth proviso to Section 153 had to be computed after excluding only the period covered by clause (xii) of Explanation (1), up to 180 days for handing over seized material to the Assessing Officer. On the stated facts, that exclusion extended the last permissible date only to 22.08.2024, while the assessment order was passed later. The statutory computation therefore rendered the order barred by limitation and liable to be quashed. en-us Wed, 18 Feb 2026 00:00:00 +0530 Wed, 01 Apr 2026 07:51:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788957 Search-related assessment under the Income-tax Act, 1961 was held to be time-barred because the reduced 12-month limitation under the fourth proviso to Section 153 had to be computed after excluding only the period covered by clause (xii) of Explanation (1), up to 180 days for handing over seized material to the Assessing Officer. On the stated facts, that exclusion extended the last permissible date only to 22.08.2024, while the assessment order was passed later. The statutory computation therefore rendered the order barred by limitation and liable to be quashed. Case-Laws Income Tax Wed, 18 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788957