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Section 153C proceeding covers six A.Y. immediately preceding A.Y. in which search is conducted
Case Law Details
- Case Name
- Opal Buildwell Pvt Ltd Vs ACIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2009-10 and 2010-11
- Courts
- All ITAT, ITAT Delhi
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Opal Buildwell Pvt Ltd Vs ACIT (ITAT Delhi)
ITAT Delhi held that as per amendment to section 153C of the Income Tax Act the six assessment years immediately preceding the AY relevant to the previous year in which search is conducted or requisition is made will come into the purview of block assessment years.
Facts- The assessee filed return of income at Rs. 37,746/- and the case was processed u/s 143(1) of the Income Tax Act, 1961 (Act for short) resulting Nil demand for AY 2009-10. A search and seizure operation was carried on Appu Ghar Group of cases u/s 132 of the Act on 10.03.2015. During ...
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