No Income Tax Assessment beyond 10-year Section 153A limit: ITAT Delhi

Suryavanshi Ventura Pvt. Ltd. Vs ACIT (ITAT Delhi)

Conclusion: An assessment order passed by AO was quashed on the reason that assessment year was beyond the ten-year outer ceiling limit prescribed by Section 153A.

Held: Assessee challenged the assumption of jurisdiction by AO and consequent passing of the Assessment Order. Assessee challenged the issuance of notice u/s 153A for the assessment year 2008-09 on the reasoning that the said notice was issued beyond the period of limitation. Hence, it was contended that the same was illegal and i

Please become a Premium member. If you are already a Premium member, login here to access the full content.