ITAT Delhi Quashes 153C Assessment Beyond 10 Years – Revenue Appeal Dismissed

DCIT Vs Vikas Associates Pvt. Ltd. (ITAT Delhi) Revenue filed appeal against order of CIT(A)   deleting additions of Rs.35,00,000/- u/s 69A & Rs.1,05,000/- u/s 69C, arising from assessment framed u/s 153C. Assessee challenged the validity of proceedings, contending that AY 2012-13 fell beyond the block of 10 years prescribed u/s 153C r.w.s. 153A. Reliance was placed on Supreme Court ruling in CIT Vs Jasjit Singh (2023 SCC OnLine SC 1265) & Delhi High Court judgment in PCIT Vs Ojjus Medicare Pvt. Ltd. (2024 SCC OnLine Del 2439). CIT(A) accepted the plea & quashed assessment, holdi...