https://www.taxtmi.com/caselaws?id=202684 The Tribunal allowed all appeals by the assessee, quashing the assessment order and the penalty under Section 158BFA. Emphasizing the necessity of recording satisfaction under Section 158BD in the case of the searched person, the Tribunal highlighted the importance of meeting the preconditions for invoking jurisdiction under Section 158BD, as per the Supreme Court's ruling in Manish Maheshwari vs. Asstt. CIT & Anr. en-us Mon, 14 Sep 2009 00:00:00 +0530 Fri, 08 Apr 2011 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202684 The Tribunal allowed all appeals by the assessee, quashing the assessment order and the penalty under Section 158BFA. Emphasizing the necessity of recording satisfaction under Section 158BD in the case of the searched person, the Tribunal highlighted the importance of meeting the preconditions for invoking jurisdiction under Section 158BD, as per the Supreme Court's ruling in Manish Maheshwari vs. Asstt. CIT & Anr. Case-Laws Income Tax Mon, 14 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202684