https://www.taxtmi.com/caselaws?id=68721 The Tribunal set aside the CIT(A)'s order and remanded the matter to the AO for fresh decision regarding the challenge to the validity of action under section 132 of the IT Act, 1961. The Tribunal emphasized the need for a satisfaction note for such action and declined to express an opinion due to a pending writ petition in the High Court challenging the search proceedings. The High Court's judgment in a related case highlighted the assessing authority's jurisdiction under section 132 and the Tribunal's right to examine the material for initiating action. The appeal on the validity of action under section 132 was disposed of accordingly. en-us Thu, 29 Jan 2009 00:00:00 +0530 Fri, 01 Apr 2011 10:42:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68721 The Tribunal set aside the CIT(A)'s order and remanded the matter to the AO for fresh decision regarding the challenge to the validity of action under section 132 of the IT Act, 1961. The Tribunal emphasized the need for a satisfaction note for such action and declined to express an opinion due to a pending writ petition in the High Court challenging the search proceedings. The High Court's judgment in a related case highlighted the assessing authority's jurisdiction under section 132 and the Tribunal's right to examine the material for initiating action. The appeal on the validity of action under section 132 was disposed of accordingly. Case-Laws Income Tax Thu, 29 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68721