Time limit for completing assessment will start from document handing over date even when AO of searched and other person is same

LKS Gold House Private Limited Vs DCIT (Madras High Court) Madras High Court held that even if AO of both searched person and other person is same, for completing Assessment proceedings and passing the Assessment order has to be calculated from the date on which the documents were handed over or deemed to have been handed over to the AO of the “other person”. Facts- In the present case, the challenge to the respective Assessment Orders passed by the Assessing Officers are primarily on the ground that the Assessing Officer(s) have failed to consider the decision of the Hon’ble Supreme...