Section 153C Limitation Begins from Receipt of Seized Material by JAO: ITAT Delhi

Advertisement DCIT Vs Blue Bell Infosolutions Pvt Ltd (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT), Delhi, dismissed the Revenue’s appeals for Assessment Years 2010-11, 2012-13, and 2015-16, upholding the order of the Commissioner of Income Tax (Appeals) [CIT(A)] that proceedings initiated under Section 153C of the Income-tax Act were barred by limitation. The Revenue challenged the CIT(A)’s reliance on the decisions of the Delhi High Court in PCIT v. Ojjus Medicare Pvt. Ltd. and the Supreme Court in CIT v. Jasjit Singh. It contended that the block period for assessment under S...