https://www.taxtmi.com/caselaws?id=244979 The Delhi High Court ruled in favor of the assessee, holding that the assessing officer must record satisfaction within the two-year period specified in section 158BE(1). Since satisfaction was recorded beyond that period, the assessment proceedings were deemed without jurisdiction. The impugned order by the Income Tax Appellate Tribunal was quashed, and the assessment proceedings were set aside. The court did not delve into the merits of the matter due to its decision on the question of law. The appeal was allowed with no order as to costs. en-us Thu, 06 Mar 2014 00:00:00 +0530 Wed, 18 Feb 2015 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244979 The Delhi High Court ruled in favor of the assessee, holding that the assessing officer must record satisfaction within the two-year period specified in section 158BE(1). Since satisfaction was recorded beyond that period, the assessment proceedings were deemed without jurisdiction. The impugned order by the Income Tax Appellate Tribunal was quashed, and the assessment proceedings were set aside. The court did not delve into the merits of the matter due to its decision on the question of law. The appeal was allowed with no order as to costs. Case-Laws Income Tax Thu, 06 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244979