Revenue’s Appeal Dismissed as Year Falls Beyond 10-Year 153A Scope

DCIT Vs Alankit Assignments Ltd. (ITAT Delhi)

153A Checkmate: AY 2010-11 Falls Outside 10-Year Net, Pendency of SLP Can’t Revive a Dead 153A Assessment – Revenue Appeal Dismissed

Revenue appealed against the order of CIT(A)-25 dated 28.02.2025 wherein assessment framed u/s 153A on 24.05.2022 was quashed by holding that proceedings for AY 2010-11 were barred by the extended 10-year limitation prescribed in Explanation 1 to Section 153A(1). CIT(A) computed the outer time-limit & concluded that the year under consid

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