ITAT Delhi Set Aside Section 153C Orders for Exceeding Ten-Year Block

Dy. Commissioner Vs Abhi Capital Services Limited (ITAT Delhi) Section 153C Assessments Time-Barred Beyond Block Period: ITAT Quashes AY 2011-12 & 2012-13 as Without Jurisdiction The Delhi ITAT dismissed the Revenue’s appeals and quashed the assessments framed under Section 153C for AYs 2011-12 and 2012-13, holding them to be beyond the permissible block period and hence without jurisdiction. The Tribunal noted that the satisfaction note in the case of the assessee (a non-searched person) was recorded on 24.06.2022. Applying the law laid down by the Supreme Court in CIT v. Jasjit Singh a...