https://www.taxtmi.com/caselaws?id=205205 The court upheld the Tribunal's decision, emphasizing the mandatory requirement of recording satisfaction before initiating action under section 158BD. The court highlighted the chronological sequence of events and the necessity of recording satisfaction during the block assessment proceedings of the person searched. Any action taken after the completion of the block assessment of the person searched was deemed invalid. The court ruled against the Revenue, dismissing their appeal and maintaining the invalidity of satisfaction recorded and proceedings initiated under section 158BD after the completion of the block assessment of the person searched. en-us Tue, 20 Jul 2010 00:00:00 +0530 Tue, 18 Dec 2012 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205205 The court upheld the Tribunal's decision, emphasizing the mandatory requirement of recording satisfaction before initiating action under section 158BD. The court highlighted the chronological sequence of events and the necessity of recording satisfaction during the block assessment proceedings of the person searched. Any action taken after the completion of the block assessment of the person searched was deemed invalid. The court ruled against the Revenue, dismissing their appeal and maintaining the invalidity of satisfaction recorded and proceedings initiated under section 158BD after the completion of the block assessment of the person searched. Case-Laws Income Tax Tue, 20 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205205