Section 153C limitation invalidates a notice where the relevant assessment year falls outside the statutory look-back period.

Section 153C limitation invalidates a notice where the relevant assessment year falls outside the statutory look-back period. https://www.taxtmi.com/highlights?id=104535 Section 153C limitation requires the six-year look-back period to be calculated from the assessment year immediately preceding the year in which the satisfaction note is recorded. Where the satisfaction note was recorded in AY 2023-24, the period extended only to AY 2017-18; AY 2016-17 lay outside it. The notice for AY 2016-17 was therefore time-barred and quashed, and the writ petition succeeded. en-us Mon, 05 Oct 2026 08:13:26 +0530 Mon, 05 Oct 2026 08:13:28 +0530 TaxTMI RSS Generator Section 153C limitation invalidates a notice where the relevant assessment year falls outside the statutory look-back period. https://www.taxtmi.com/highlights?id=104535 Section 153C limitation requires the six-year look-back period to be calculated from the assessment year immediately preceding the year in which the satisfaction note is recorded. Where the satisfaction note was recorded in AY 2023-24, the period extended only to AY 2017-18; AY 2016-17 lay outside it. The notice for AY 2016-17 was therefore time-barred and quashed, and the writ petition succeeded. Highlights Income Tax Mon, 05 Oct 2026 08:13:26 +0530 https://www.taxtmi.com/highlights?id=104535