Unsigned Sale Agreement & Alleged On-Money Addition quashed for Assessment Barred by Limitation

Srinivasa Reddy Yeturu Vs DCIT (ITAT Hyderabad) Assessment Quashed as Time-Barred Because Only 144 Days Excludable Under Section 153 – Tribunal Clarifies Search Limitation Rule; Unsigned Sale Agreement and Alleged On-Money Addition Fail as Assessment Held Barred by Limitation; Search-to-Handover Period Cannot Automatically Extend Assessment Time – Order Quashed for Exceeding Statutory Deadline; Section 153 Explained: Only Period Within Limitation Year Excludable, Not Entire 180 Days – Tribunal Sets Aside Assessment; On-Money Addition Under Section 69A Fails as Assessment Order Fo...