https://www.taxtmi.com/caselaws?id=204937 The High Court allowed the appeals, set aside the Tribunal's order, and remanded the case back to the Tribunal for a decision on the merits. The Court held that the non-recording of reasons by the Assessing Officer did not invalidate the assessment under section 158BD read with section 158BC. The Court emphasized that the same Assessing Officer having jurisdiction over both the searched assessee and the respondent firm eliminated the need for transferring the file to another officer, distinguishing it from a previous Supreme Court decision. en-us Mon, 15 Nov 2010 00:00:00 +0530 Sat, 06 Aug 2016 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204937 The High Court allowed the appeals, set aside the Tribunal's order, and remanded the case back to the Tribunal for a decision on the merits. The Court held that the non-recording of reasons by the Assessing Officer did not invalidate the assessment under section 158BD read with section 158BC. The Court emphasized that the same Assessing Officer having jurisdiction over both the searched assessee and the respondent firm eliminated the need for transferring the file to another officer, distinguishing it from a previous Supreme Court decision. Case-Laws Income Tax Mon, 15 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204937