ITAT Quashes Section 153C Assessments as They Were Barred by Limitation

Expressway Services Pvt. Ltd. Vs DCIT (ITAT Hyderabad) The Income Tax Appellate Tribunal (ITAT), Hyderabad, disposed of three appeals relating to Assessment Years (AYs) 2018-19 to 2020-21 arising from assessments made under Section 153C of the Income-tax Act following a search conducted under Section 132 in the case of Prathima Infrastructure Pvt. Ltd. and its associated entities, including the assessee. The Assessing Officer (AO) issued notices under Section 153C and made additions by estimating 1% commission income on sub-contract receipts and by treating alleged cash received from sub-contr...