Gujarat High Court Quashes Notice Under Section 153A for Assessment Year 2011-12 in Search Case — Notice Issued Beyond Six-Year Limit Invalid. The Court held that the notice under Section 153A for AY 2011-12 was barred by limitation as the search was conducted on 08.10.2020 and the six-year period preceding the assessment year of search (2021-22) would cover AYs 2015-16 to 2020-21, not AY 2011-12....
The petitioner, an individual with agricultural income, rental income, and partnership income from M/s. Popular Developer, was subjected to a search under Section 132 of the Income Tax Act, 1961 on 08...
