\u00a0<\/p>\n
A search action u\/s 132 was carried out at the residential premises of ‘D’. Pursuant to the same, notice u\/s 153C was issued to the Assessee. Assessment proceedings were carried out and the AO passed an assessment order u\/s 153C r.w.s. 143(3) on 21.04.2021, making addition of certain amounts u\/s 69B. It was held that as per the first proviso to S. 153B, the assessment order ought to be passed by 31.12.2020 for AY 2016-17, and the delay in passing the said assessment order of 111 days was barred by limitation. (AY.2016-17 ,\u00a0 2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 153B: Assessment – Search – Time limit – Limitation to pass the assessment order expired on 31.12.2020- Order passed on 21-4 -2021 is barred by limitation . [ S. 69B , 132 ,153A , 153C ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-54553","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-ebT","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=54553"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54553\/revisions"}],"predecessor-version":[{"id":54554,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54553\/revisions\/54554"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=54553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=54553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=54553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}