https://www.taxtmi.com/caselaws?id=251108 Section 158BD permits assessment of a person other than the searched person where the Assessing Officer records the required satisfaction. The satisfaction note is mandatory, but need not be recorded before completion of the searched person's block assessment; it may be prepared at the initiation of, during, or immediately after section 158BC proceedings. Section 158BE(2)(b) governs the time limit for completing proceedings against the other person and does not prescribe when satisfaction must be recorded. Recording satisfaction after completion of the searched person's assessment therefore does not invalidate section 158BD proceedings, and the additions require decision on their merits. en-us Wed, 27 Aug 2014 00:00:00 +0530 Thu, 04 Sep 2014 15:43:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251108 Section 158BD permits assessment of a person other than the searched person where the Assessing Officer records the required satisfaction. The satisfaction note is mandatory, but need not be recorded before completion of the searched person's block assessment; it may be prepared at the initiation of, during, or immediately after section 158BC proceedings. Section 158BE(2)(b) governs the time limit for completing proceedings against the other person and does not prescribe when satisfaction must be recorded. Recording satisfaction after completion of the searched person's assessment therefore does not invalidate section 158BD proceedings, and the additions require decision on their merits. Case-Laws Income Tax Wed, 27 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251108