https://www.taxtmi.com/caselaws?id=211356 The appeal challenged the validity of an assessment order under section 158BD of the Income Tax Act for the block period 1.4.1996 to 17.12.2002. The court upheld the Tribunal's decision that no valid satisfaction was recorded before initiating proceedings under section 158BD, rendering the assessment void ab initio. Emphasizing the mandatory requirement of recording satisfaction, the court dismissed the appeal in favor of the assessee, highlighting the importance of complying with statutory provisions to ensure the validity of assessment orders. The Tribunal's decision not to decide on the merits was upheld based on settled legal principles. en-us Wed, 24 Aug 2011 00:00:00 +0530 Thu, 15 Mar 2012 16:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211356 The appeal challenged the validity of an assessment order under section 158BD of the Income Tax Act for the block period 1.4.1996 to 17.12.2002. The court upheld the Tribunal's decision that no valid satisfaction was recorded before initiating proceedings under section 158BD, rendering the assessment void ab initio. Emphasizing the mandatory requirement of recording satisfaction, the court dismissed the appeal in favor of the assessee, highlighting the importance of complying with statutory provisions to ensure the validity of assessment orders. The Tribunal's decision not to decide on the merits was upheld based on settled legal principles. Case-Laws Income Tax Wed, 24 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211356