Property Deal Addition Fails for Breach of Section 153C Time Limits

Rajesh Gandhi Vs Sanghpriya Singh (ITAT Delhi)

153C Addition for Property Deal Quashed as AY 2012-13 Falls Outside Permissible Ten-Year Search Block

Based on a seized receipt found in a 2020 search of a third party, the Assessing Officer invoked section 153C and added ₹68 lakh under section 68 for AY 2012-13, alleging unaccounted consideration in sale of a flat by the assessee.

Before the Tribunal, the assessee contended that the

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