Section 153C Notice Quashed Due to 15-Month Delay in Recording Satisfaction Note: Bombay HC

Clear Channel India Private Limited Vs DCIT (Bombay High Court) The Bombay High Court considered a writ petition filed under Article 226 of the Constitution challenging a notice dated 30 March 2025 issued under Section 153C of the Income Tax Act, 1961 for Assessment Year 2016–17. The petitioner, a company engaged in the advertising business, challenged the validity of the notice arising from search and seizure operations conducted under Section 132 of the Act. A search was carried out on 3 February 2021 in the case of two individuals and another search was conducted on 6 February 2021 at the...