https://www.taxtmi.com/caselaws?id=248538 The Tribunal upheld the initiation of assessment under Section 153C instead of Section 153A, citing materials found at the director's premises. It confirmed the jurisdiction of the assessing officer in Ernakulam and deemed the transfer valid. The Tribunal ruled that satisfaction recording was unnecessary due to the same officer handling both cases. Additionally, it allowed the assessees' appeal regarding the disallowed development expenditure, directing the deletion of the entire addition. The order was pronounced on June 6, 2014. en-us Fri, 06 Jun 2014 00:00:00 +0530 Tue, 17 Mar 2015 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248538 The Tribunal upheld the initiation of assessment under Section 153C instead of Section 153A, citing materials found at the director's premises. It confirmed the jurisdiction of the assessing officer in Ernakulam and deemed the transfer valid. The Tribunal ruled that satisfaction recording was unnecessary due to the same officer handling both cases. Additionally, it allowed the assessees' appeal regarding the disallowed development expenditure, directing the deletion of the entire addition. The order was pronounced on June 6, 2014. Case-Laws Income Tax Fri, 06 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248538