Delhi ITAT Applies Ojjus Medicare: Section 153C Assessment Beyond Six Years Quashed

DCIT Vs Vinod Gupta (ITAT Delhi) Delhi ITAT Applies Ojjus Medicare: Section 153C Assessment Beyond Six Years Quashed The Delhi ITAT dismissed the Revenue’s appeal and upheld the CIT(A)’s order annulling the assessment made under section 153C against Vinod Gupta for AY 2014-15, holding that the assessment was barred by limitation and fell outside the permissible six-year period prescribed under the law. The case arose from a search conducted on the Alankit Group. Certain documents allegedly belonging to the assessee were found during the search, and a satisfaction note under section 153C wa...