Assessment u/s 143(3) Invalid When Case Falls in 153C Block Period: ITAT Delhi

DCIT Vs Aman Agarwal (ITAT Delhi) Revenue Appeal Dismissed – Assessment u/s 143(3) Invalid When Case Falls in 153C Block Period The Delhi ITAT dismissed the Revenue’s appeal and upheld the CIT(A)’s order holding that the assessment framed under Section 143(3) was without jurisdiction since the case squarely fell within the block period governed by Section 153C. The Tribunal noted that the satisfaction note in the assessee’s case, being a third party to the search, was recorded on 02.08.2022, which determined the relevant block period from AY 2017-18 to AY 2022-23. Consequently, the ass...