Section 153C Notices Beyond 10 Years Invalid: ITAT Delhi Quashes Assessments

DCIT Vs Mani Capital Limited (ITAT Delhi) 153C Notices Beyond 10-Year Limit Invalid: ITAT Delhi Follows Ojjus Medicare & Quashes All Four Assessments Revenue filed four appeals for AYs 2010-11 to 2013-14 against CIT(A)’s consolidated orders deleting assessments framed u/s 153C r.w.s. 144/143(3). Tribunal considered AY 2010-11 as the lead case. Assessee had filed original return on 29.09.2010. A search u/s 132 was carried out on Alankit Group on 18.10.2019 (relevant to AY 2020-21). Incriminating material allegedly relating to Assessee was forwarded only in June 2022, and satisfaction ...