ITAT Quashes Section 153A Assessment as AY 2010-11 Fell Outside Ten-Year Block Period

Nitish Kumar Nagar Vs JCIT(OSD) (ITAT Delhi) Search Assessment Set Aside Because Notice Covered an Assessment Year Beyond Statutory Block Period; Section 153A Proceedings Held Invalid Because Assessment Year Was Outside Permissible Search Window; ITAT Cancels Assessment Because Jurisdiction Under Section 153A Was Not Available for AY 2010-11; Assessment and Penalties Quashed Because Section 153A Notice Was Invalid. The appeals before the Income Tax Appellate Tribunal (ITAT), Delhi, arose from assessment and penalty orders relating to Assessment Year (AY) 2010-11. The assessees challenged asses...