One Satisfaction Note for Seven Years Invalidates Section 153C: ITAT Pune

DCIT Vs Abhayraj Fattehraj Chordiya (ITAT Pune)

No Asset ≥ ₹50 Lakh, No 10-Year Reach: One Satisfaction for Seven Years = No Jurisdiction: Pune ITAT Quashes 153C

The Pune ITAT dismissed Revenue’s appeal and allowed Assessee’s cross-objection, quashing the entire assessment u/s 153C r.w.s. 143(3). The Tribunal held that the 153C proceedings were jurisdicti

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