https://www.taxtmi.com/caselaws?id=255449 The tribunal quashed the notice issued under section 153C and the subsequent assessment order due to the lack of proper satisfaction by the Assessing Officer that the seized documents belonged to the assessee. The tribunal emphasized the necessity of clear satisfaction and proper recording of reasons, following the jurisdictional High Court's decision in Pepsi Foods Pvt. Ltd. vs. ACIT. As a result, the appeal by the assessee was allowed, and other grounds were not addressed as they became moot. en-us Fri, 26 Dec 2014 00:00:00 +0530 Fri, 16 Jan 2015 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255449 The tribunal quashed the notice issued under section 153C and the subsequent assessment order due to the lack of proper satisfaction by the Assessing Officer that the seized documents belonged to the assessee. The tribunal emphasized the necessity of clear satisfaction and proper recording of reasons, following the jurisdictional High Court's decision in Pepsi Foods Pvt. Ltd. vs. ACIT. As a result, the appeal by the assessee was allowed, and other grounds were not addressed as they became moot. Case-Laws Income Tax Fri, 26 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255449