https://www.taxtmi.com/caselaws?id=255367 The Supreme Court addressed the delay in issuing the notice under Section 158BD to the assessee and the validity of the satisfaction note recorded in the case. The Court found the delay of five months reasonable and in compliance with legal requirements. It directed the ITAT to focus on the merits of the appeal regarding additions made by the assessing officer, emphasizing the need for a timely decision while safeguarding the parties' rights. The ITA was disposed of partially allowed, indicating a requirement for further review on the case's merits. en-us Thu, 08 Jan 2015 00:00:00 +0530 Tue, 05 May 2015 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255367 The Supreme Court addressed the delay in issuing the notice under Section 158BD to the assessee and the validity of the satisfaction note recorded in the case. The Court found the delay of five months reasonable and in compliance with legal requirements. It directed the ITAT to focus on the merits of the appeal regarding additions made by the assessing officer, emphasizing the need for a timely decision while safeguarding the parties' rights. The ITA was disposed of partially allowed, indicating a requirement for further review on the case's merits. Case-Laws Income Tax Thu, 08 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255367