https://www.taxtmi.com/caselaws?id=206688 The High Court affirmed the Tribunal's decision to set aside the assessment in a case involving non-compliance with section 158BD of the Income Tax Act. The Assessing Officer failed to follow mandatory procedures, including recording satisfaction and handing over relevant records for assessment. The court emphasized the necessity of complying with statutory requirements, specifically highlighting the importance of the Assessing Officer's satisfaction and the transfer of seized records for proper assessment procedures under section 158BD. en-us Tue, 23 Nov 2010 00:00:00 +0530 Sat, 12 Nov 2011 06:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206688 The High Court affirmed the Tribunal's decision to set aside the assessment in a case involving non-compliance with section 158BD of the Income Tax Act. The Assessing Officer failed to follow mandatory procedures, including recording satisfaction and handing over relevant records for assessment. The court emphasized the necessity of complying with statutory requirements, specifically highlighting the importance of the Assessing Officer's satisfaction and the transfer of seized records for proper assessment procedures under section 158BD. Case-Laws Income Tax Tue, 23 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206688