Section 153C Block Period to Be Counted from Date of Receipt of Seized Material, Not Search Date

DCIT Vs Chandra Vidya Investment & Finance Pvt. Ltd. (ITAT Delhi) Delhi Bench of the Income Tax Appellate Tribunal (ITAT) dismissed four appeals filed by the Revenue against the order of the Commissioner of Income Tax (Appeals) [CIT(A)] dated 17.02.2025 concerning Assessment Years (AYs) 2010–11 to 2013–14. The core issue before the Tribunal was the computation of the block period for assessment under Section 153C of the Income Tax Act, 1961—specifically, whether the ten-year block should be reckoned from the date of initiation of search or from the date of receipt of seized materials...