Navigating Legal Complexities - Assessment in case of third parties post search and seizure - The period for which the assessee requires to file the return.

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..... 3A and 153C of the Income Tax Act 1961 . This case arose from a series of appeals by the revenue against orders of the Delhi High Court, which had dismissed their appeals under Section 260A of the IT Act . The central issue revolved around the interpretation of these sections in the context of search and seizure proceedings and the ensuing obligations for filing income tax returns. Back .....

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..... this, citing an earlier ruling (SSP Aviation Ltd. vs. Deputy Commissioner of Income Tax) and arguing that the date referred under the proviso to Section 153(1) relates only to the second proviso to Section 153A concerning abatement​​. Legal Provisions at Stake: Sections 153A and 153C of the Income Tax Act 1961 are pivotal in this case. Section 153A deals with the proc .....

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..... eriod, far beyond the legal requirement. Consequently, the Supreme Court upheld the broader interpretation that aligns with the intent of Parliament, as reflected in the plain reading of Section 153C​​. Conclusion and Implications: The Supreme Court's decision in this case is significant for its clarification on the interpretation of Sections 153A and 153C of the Income .....

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