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2016 (5) TMI 1520 - AT - Income TaxAssessment u/s 153A - Period of limitation - Six preceding years will have to be reckoned from the date of recording of satisfaction note u/s 153C and not from the date of search - HELD THAT:- Referring to CBDT Circular dated 31.3.2014 and cases SSP AVIATION LTD. [2012 (4) TMI 335 - DELHI HIGH COURT] and SHREE JASJIT SINGH [2015 (8) TMI 982 - DELHI HIGH COURT clinch the issue in favour of the assessee and, accordingly, we quash the assessment framed u/s 153A/143(3) for assessment year 2007-08 as being void ab initio as being barred by limitation. Ground of the assessee’s appeal is allowed.
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