https://www.taxtmi.com/caselaws?id=207857 The court dismissed the appeals as the satisfaction required under Section 158BD of the Income Tax Act was not adequately recorded by the Assessing Officer of the searched person. The court emphasized the necessity for a clear and explicit satisfaction to be recorded before proceeding with assessments of third parties. The appeals were dismissed without costs, leaving open the question of whether the forming of an opinion must coincide with the framing of assessment for future consideration. en-us Mon, 30 May 2011 00:00:00 +0530 Mon, 26 Mar 2012 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207857 The court dismissed the appeals as the satisfaction required under Section 158BD of the Income Tax Act was not adequately recorded by the Assessing Officer of the searched person. The court emphasized the necessity for a clear and explicit satisfaction to be recorded before proceeding with assessments of third parties. The appeals were dismissed without costs, leaving open the question of whether the forming of an opinion must coincide with the framing of assessment for future consideration. Case-Laws Income Tax Mon, 30 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207857