2025 (11) TMI 896

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....r And Sh. Sudhir Kumar, Judicial Member For the Assessee : Sh. Sumit Lalchandani, Adv. & Sh. Shivam Yadav, Adv. For the Revenue : Sh. Dayainder Singh Sidhu, CIT(DR) ORDER PER BENCH : These are four Revenues' appeals against the two different assesses namely Shri Saurabh Maheshwari pertaining to assessment years 2014-15, 2015- 16 & 2016-17 and Smt. Veena Gupta pertaining to assessmen....

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....y initiation of section 153C notice issued to the assessee on 17.01.2023 culminating in the impugned assessment framed in his case on 03.02.2024. 4. This being the clinching factual position, learned CIT(DR) could hardly dispute that the assessment year involved herein is 2014-15 i.e. beyond the maximum time period of assessment years from the date of section 153C satisfaction i.e. 16.01.2023 r....

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....AR for the assessee submitted that the aggregate amount in the relevant assessment years even does not exceed the prescribed limit, which was not controverted by the Ld. DR. Therefore, we are of the considered view that Ld. CIT(A) has passed a well reasoned order, which does not need any interference on our part, hence, we uphold the same and accordingly, we thus hold that the impugned assessment ....