Section 153C cannot extend indiscriminately to Multiple AYs: Delhi HC

Dev Technofab Limited Vs DCIT (Delhi High Court) The Delhi High Court recently delivered its verdict in the case of Dev Technofab Limited Vs DCIT, addressing notices issued under Section 153C of the Income Tax Act, 1961. The petitioner challenged the validity of the notices and proceedings initiated for assessment years (AYs) 2014-15 to 2020-21. It was argued that the proceedings were devoid of jurisdictional validity since the incriminating material pertained solely to AY 2019-20, and the other years were included without justification. The Court highlighted that the invocation of Section 153...