https://www.taxtmi.com/caselaws?id=216849 The High Court upheld the Tribunal's decision, ruling that in the absence of satisfaction recorded by the Assessing Officer (AO), the jurisdiction to proceed under Section 158BD of the Income Tax Act was lacking. The Court emphasized the necessity of meeting statutory requirements before initiating proceedings against an assessee, citing the Supreme Court's decision in Manish Maheshwari v. ACIT. Consequently, the Income Tax Appeal was dismissed. en-us Tue, 04 Sep 2012 00:00:00 +0530 Mon, 09 Nov 2015 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216849 The High Court upheld the Tribunal's decision, ruling that in the absence of satisfaction recorded by the Assessing Officer (AO), the jurisdiction to proceed under Section 158BD of the Income Tax Act was lacking. The Court emphasized the necessity of meeting statutory requirements before initiating proceedings against an assessee, citing the Supreme Court's decision in Manish Maheshwari v. ACIT. Consequently, the Income Tax Appeal was dismissed. Case-Laws Income Tax Tue, 04 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216849