Limitation Starts from Date of Seizure, Not Search: Madras High Court Upholds S. 153C Income Tax Notice as Valid

Limitation Starts from Date of Seizure, Not Search: Madras High Court Upholds S. 153C Income Tax Notice as Valid The Madras High Court has ruled that the limitation period for issuing a notice under Section 153C of the Income Tax Act (pertaining to income of other persons where books of account or other documents are seized) starts from the date of seizure of documents, not the date of search. This decision clarifies a crucial aspect of income tax assessment in search and seizure cases, upholding the validity of a notice issued based on the date of seizure.