Satisfaction Note of 24.05.2021 Shifts Search-Year: ITAT Holds AY 2011-12 Outside Six-Year Block

DCIT Vs Somani Wordsted Limited (ITAT Delhi) Satisfaction Note of 24.05.2021 Shifts Search-Year: ITAT Holds AY 2011-12 Outside Six-Year Block Search u/s 132 was conducted on 02.11.2017 in the Rakesh Jain Group, including premises of Prahlad Kumar Aggarwal. During 153A assessment of the searched person, seized documents allegedly “pertaining to” Somani Worsted Ltd were found. AO of searched person recorded satisfaction on 24.05.2021, &  handed over documents to AO of the Assessee. Based on this, AO initiated 153C proceedings &  completed assessment u/s 144 r.w.s 153C on 30.12.2023...