Limitation for Section 153C notices is measured from the assessment year in which satisfaction is recorded, excluding stale assessment years.

Limitation for Section 153C notices is measured from the assessment year in which satisfaction is recorded, excluding stale assessment years. https://www.taxtmi.com/highlights?id=104536 Limitation for notices under Sections 153A and 153C is reckoned backward from the assessment year in which the satisfaction note is recorded. Where the note was recorded in AY 2024-25, the stated extended limitation reached only AY 2015-16. A notice for AY 2010-11 therefore fell outside the permissible period and was quashed as time-barred. en-us Mon, 05 Oct 2026 08:13:26 +0530 Mon, 05 Oct 2026 08:13:28 +0530 TaxTMI RSS Generator Limitation for Section 153C notices is measured from the assessment year in which satisfaction is recorded, excluding stale assessment years. https://www.taxtmi.com/highlights?id=104536 Limitation for notices under Sections 153A and 153C is reckoned backward from the assessment year in which the satisfaction note is recorded. Where the note was recorded in AY 2024-25, the stated extended limitation reached only AY 2015-16. A notice for AY 2010-11 therefore fell outside the permissible period and was quashed as time-barred. Highlights Income Tax Mon, 05 Oct 2026 08:13:26 +0530 https://www.taxtmi.com/highlights?id=104536