Limitation Starts from Date of Seizure, Not Search: Madras High Court Upholds S. 153C Income Tax Notice as Valid [Read Order]
The Madras High Court held that the limitation period for initiating proceedings against a third party begins from the date of seizure of materials, not from the date of the search.
The Madras High Court has held that the limitation period for issuing notices under section 153C to a third party commences from the date when materials are seized or requisitioned, not from the date of the search. M/s. KLP Projects Private Limited (petitioner) filed writ petitions against notices dated 30.12.2024 and an order dated 13.03.2025…
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