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of <h1>Supreme Court Clarifies Sections 153A and 153C of Income Tax Act, Favoring Assessees' Fairness in Search and Seizure Cases.</h1> The Supreme Court addressed the interpretation of Sections 153A and 153C of the Income Tax Act 1961, following appeals by the revenue against Delhi High Court decisions. The case stemmed from a search and seizure at a business group, leading to notices for filing returns based on discovered documents. The key issue was whether the filing period should start from the search date or when materials were forwarded to the Assessing Officer. The Supreme Court upheld the broader interpretation of Section 153C, supporting the assessees' view, emphasizing fairness and preventing undue burdens on third parties not directly involved in the initial search.
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