Held that the date of search would become the date of recording satisfaction, i. e., November 23, 2010. The assessment year 2004-05,the assessment order is without jurisdiction.(AY.2004-05, 2005-06)
Esha Securities P. Ltd. v. Dy. CIT (2024)114 ITR 24 (SN)(Delhi)(Trib)
S. 153C : Assessment-Income of any other person-Search-Six assessment years to be reckoned from date of recording satisfaction-Satisfaction recorded on 23-11-2010-Assessment Year2004-05 is beyond six assessment years-Order is bad in law.[S. 132]
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