Power to assess block period of ten years doesn’t apply to search conducted before 1st April 2017: Delhi HC

PCIT Vs Karina Airlines International Ltd (Delhi High Court)

Delhi High Court held that in case of search, block period of ten years for search assessment, would not be attracted in case the search has taken place before 1^st April 2017.

Facts- The appeal arises in the backdrop of a search and seizure action which was initiated on 07 April 2016 in the case of Harvansh Chawla. Pursuant to the search that was so initiated a Satisfaction Note as contemplated u/s. 153A of the Income Tax Act, 1961 came to be recorded by the Assessing Officer with respec

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