Section 153C Notice Beyond Six-Year Block Period Held Invalid: ITAT Delhi

DCIT Vs Visionary Infraprojects Private Ltd. (ITAT Delhi) Delhi Bench of the Income Tax Appellate Tribunal (ITAT) dismissed the appeal filed by the Revenue against the order of the Commissioner of Income Tax (Appeals)–24, New Delhi [CIT(A)] dated 31.07.2024 for Assessment Year (AY) 2012–13 in the case of DCIT vs Visionary Infraprojects Pvt. Ltd. The core dispute concerned the validity of the notice issued under Section 153C of the Income-tax Act, 1961, and whether AY 2012–13 fell within the permissible six-year block period prescribed under the provision. The assessee had taken an additi...