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TaxBuzz | Section 153C: Limitation, Computation and Satisfaction April 9, 2024
Published in: TaxBuzz
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We are pleased to share with you a copy of our in-house publication – “TaxBuzz… Vaish in Courtroom”, wherein we have analysed the recent ruling of the Delhi High Court in a batch of matters titled Ojjus Medicare Pvt Ltd. The High Court in the said ruling, has delved into aspects relating to determination of the trigger point for computation of 6 years/ 10 years period under section 153C read with 4th proviso to section 153A of the Income Tax Act, 1961. In their ultimate analysis and resulting conclusion, the Court has clarified the legal position as laid down by apex Court.
The said ruling is likely to impact the reassessment proceedings initiated under section 153C pursuant to unearthing of some material during search action on some other person, and thus, requires attention of such assessees.
We trust that you will find the same useful.
Looking forward to receiving your valuable feedback.
For any details and clarifications, please write to:
Mr. Rohit Jain at [email protected]
