Section 153C proceeding covers six A.Y. immediately preceding A.Y. in which search is conducted

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 seizu

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