Search Assessment Notices Quashed as They Fell Beyond Ten-Year Block Period: SC

PCIT Vs Ojjus Medicare Pvt. Ltd. (Supreme Court of India) The matter arose from a batch of writ petitions and an Income Tax Appeal challenging the initiation of assessment proceedings under Section 153C of the Income-tax Act following a search conducted on 18 October 2019. The principal issues concerned the computation of the block assessment period under Sections 153A, 153B and 153C, the meaning of the expression “relevant assessment year”, the applicability of the ten-year assessment block introduced by the Finance Act, 2017, and the conditions prescribed in the Fourth Proviso to Section...