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Date of initiation of search assessment has to be reckoned from date of receiving books of account
Case Law Details
- Case Name
- DCIT Vs Paresh K. Shah (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2007-2008 to 2013-14
- Courts
- All ITAT, ITAT Mumbai
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DCIT Vs Paresh K. Shah (ITAT Mumbai)
Conclusion: Since the date of initiation of search u/s 132 for the purpose of an assessment u/s 153C had to be construed as the date of receiving the books of account by the AO having jurisdiction over such other person, from the A.O. of the searched person, the period of six years was to be reckoned from the date of recording of such ‘satisfaction’, which would thus take within its sweep the period relevant to Assessment Years: 2008-2009 to 2013-2014. Accordingly, the case of assessee for the year under consideration i.e. A.Y.2007-2008 would ...
