Delhi HC Dismisses Appeal for Lack of Section 158BD Satisfaction

The Delhi HC dismissed the appeal citing a recent SC decision. The AO failed to produce the satisfaction recorded under section 158BD of the Income-tax Act, 1961. No substantial question of law arose in this case.

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The Delhi High Court dismissed the appeal as it was covered by a recent decision of the Supreme Court in Manish Maheshwari v. Asstt. CIT [2007] 289 ITR 341. The Assessing Officer did not produce the satisfaction recorded in terms of section 158BD of the Income-tax Act, 1961. No substantial question of law arose in this case.

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