https://www.taxtmi.com/caselaws?id=795527 The ten-year limitation period for search-related reassessment under Explanation 1 to section 153A includes the assessment year corresponding to the financial year in which the search occurs. This differs from the six-year period under section 153A(1)(b), which is calculated by reference to assessment years immediately preceding the search assessment year. For a search conducted in Financial Year 2024-25, Assessment Year 2025-26 is the first year of the extended period and Assessment Year 2016-17 is the tenth. Consequently, reassessment proceedings for Assessment Year 2015-16 fall outside the permissible period, and the notice was quashed as time-barred. en-us Mon, 29 Jun 2026 00:00:00 +0530 Thu, 23 Jul 2026 08:42:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795527 The ten-year limitation period for search-related reassessment under Explanation 1 to section 153A includes the assessment year corresponding to the financial year in which the search occurs. This differs from the six-year period under section 153A(1)(b), which is calculated by reference to assessment years immediately preceding the search assessment year. For a search conducted in Financial Year 2024-25, Assessment Year 2025-26 is the first year of the extended period and Assessment Year 2016-17 is the tenth. Consequently, reassessment proceedings for Assessment Year 2015-16 fall outside the permissible period, and the notice was quashed as time-barred. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795527