Color Bar Cosmetics Pvt. Ltd. vs DCIT

Parties Involved

Facts Summary

The assessee, Color Bar Cosmetics Pvt. Ltd., has appealed against the order of the Commissioner of Income Tax (Appeals) dated 23.12.2025, which affirmed the assessment order dated 07.03.2024 passed under section 153C of the Income Tax Act, 1961. The assessee argues that the assessment order is illegal and bad in law. The assessment was initiated following a search conducted on 3.02.2021, and the satisfaction note was recorded on 4.11.2022. The assessee contends that the notice issued under section 153C on 7.11.2022 is void as it was issued after 01.04.2021, which is barred by subsection (3) of section 153C of the Act.…

Legal Issues

• 1. Whether the notice issued under section 153C on 7.11.2022 is valid?
• 2. Whether the assessment order passed under section 153C is valid?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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