ITAT Delhi Quashes 153C Assessments for Lack of Specific Satisfaction Note

Royal Multiplex (P) Ltd. Vs ACIT (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT) Delhi Bench delivered its order in the case of Royal Multiplex (P) Ltd. vs. ACIT, concerning six appeals filed by the assessee against the consolidated order of the CIT(A), Gurgaon, dated 29 September 2023 for Assessment Years (AYs) 2011–12 to 2013–14 and 2015–16 to 2017–18. Since the issues were common, all appeals were heard together and disposed of through a common order. The primary ground of dispute pertained to the assumption of jurisdiction under Section 153C of the Income Tax Act, 1961. The a...