Income Tax Search Assessment Quashed as 60-Day Limitation Applied After Stay Was Vacated

Swagat Infrastructure Private Limited Vs DCIT (Gujarat High Court)

The Gujarat High Court allowed a writ petition challenging an assessment order and consequential demand notice for Assessment Year 2011–12, holding that the assessment was barred by limitation under the Income-tax Act, 1961.

The dispute arose from proceedings initiated under section 153C of the Act against the petitioner, based on a search conducted on 04.09.2013 in the case of a third party, H.N. Safal Group. During the search, certain materials were seized, and a satisfaction note was rec

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