https://www.taxtmi.com/caselaws?id=208501 The Tribunal allowed the assessee's appeal, emphasizing the necessity of recording satisfaction during section 158BC proceedings before issuing a notice under section 158BD of the Income-tax Act, 1961. The Tribunal held that as satisfaction was not recorded before completing the assessment under section 158BC, the notice under section 158BD was invalid, resulting in the cancellation of the assessment. This case underscores the significance of complying with procedural requirements for block assessments under the Income-tax Act, 1961. en-us Fri, 20 May 2011 00:00:00 +0530 Fri, 31 May 2013 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208501 The Tribunal allowed the assessee's appeal, emphasizing the necessity of recording satisfaction during section 158BC proceedings before issuing a notice under section 158BD of the Income-tax Act, 1961. The Tribunal held that as satisfaction was not recorded before completing the assessment under section 158BC, the notice under section 158BD was invalid, resulting in the cancellation of the assessment. This case underscores the significance of complying with procedural requirements for block assessments under the Income-tax Act, 1961. Case-Laws Income Tax Fri, 20 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208501