Document Fragment View

Matching Fragments

SSP Aviation Ltd., the petitioner herein, is a company based in Delhi mainly engaged in the business of real estate development. It was regularly filing returns of income under the Income Tax Act, 1961, hereinafter referred to "the Act". In respect of the assessment years 2003-04 to 2008-09 it had filed returns of income. The relevant details are set out below in the form of a table: -

Assessment Year Date of filing of Date upto which Return action could be taken u/s 143(2) i.e. date after which scrutiny assessments u/s 143(3) have become time barred 2003-04 31.12.2003 31.12.2004 2004-05 31.10.2004 31.10.2005 2005-06 29.10.2005 31.10.2006 2006-07 27.11.2006 30.11.2007 2007-08 30.10.2007 31.10.2008 2008-09 31.03.2009 30.09.2009
"SATISFACTION NOTE U/S 153C OF THE I.T. ACT, 1961 IN THE CASE OF M/S. SSP Aviation Pvt. Ltd.
(Formerly M/s. SSP Properties Pvt. Ltd.) PAN : AAHCS8024N A.Y. 2003-04 TO 2008-09 3.11.2010 This case has been centralized u/s 127 with the Assessing Officer, Central Circle-18, New Delhi vide Order F. No.CIT-
WPC 309/2011 Page 3 of 27
In the light of above, I am satisfied that the above case is fit for assessment u/s 153C in accordance with the provisions of section 153A of the Income Tax Act. (sic) 1961 as the seized documents containing collaboration agreement dated 28.4.2006 and the assignment agreement dated 21.7.2006 mentioned above belong to M/s. SSP Properties Pvt. Ltd. (Now M/s. SSP Aviation Pvt. Ltd.) being a person other than the person where the search has been initiated. Hence, in order to assess/ reassess the income of this assessee, notices u/s 153C are hereby issued for assessment years 2003-04 to 2008-09.