https://www.taxtmi.com/caselaws?id=800601 Statutory limitation under Sections 153A and 153C permitted an extended ten-assessment-year period where alleged escaped income exceeded the prescribed threshold. The period was calculated backwards from the assessment year in which the satisfaction note was recorded. With the satisfaction note recorded in assessment year 2022-23, the extended period reached only up to assessment year 2013-14. Assessment year 2010-11 therefore fell outside the permissible period, rendering the assessment order time-barred. en-us Tue, 29 Sep 2026 00:00:00 +0530 Thu, 08 Oct 2026 08:45:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800601 Statutory limitation under Sections 153A and 153C permitted an extended ten-assessment-year period where alleged escaped income exceeded the prescribed threshold. The period was calculated backwards from the assessment year in which the satisfaction note was recorded. With the satisfaction note recorded in assessment year 2022-23, the extended period reached only up to assessment year 2013-14. Assessment year 2010-11 therefore fell outside the permissible period, rendering the assessment order time-barred. Case-Laws Income Tax Tue, 29 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800601