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of <h1>Delhi High Court Rules 10-Year Reassessment Period Inapplicable for Searches Before April 1, 2017, u/s 153C.</h1> The Delhi High Court addressed the reassessment limitation period for non-searched entities under Section 153C of the Income Tax Act, 1961, following a search. The case involved a search on 07.04.2016, with satisfaction recorded on 15.05.2019 for reassessment. The Court ruled that the 10-year reassessment period introduced in 2017 does not apply to searches before 01.04.2017. It emphasized that for non-searched entities with a common Assessing Officer (AO), the critical date is when satisfaction about the material's relevance is recorded, not the search date. The Court dismissed the appeal, affirming the reassessment for AY 2012-13 was time-barred.
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