https://www.taxtmi.com/caselaws?id=255506 The Delhi High Court dismissed the appeals challenging notices issued under Section 158BD to third parties post search proceedings. The court emphasized the importance of satisfaction notes being prepared before transmitting records and aligning with specific stages of assessment proceedings. It scrutinized instances of delayed satisfaction notes and non-compliance with statutory requirements, leading to the conclusion that the notices were invalid. The judgment underscored the critical nature of adherence to the Supreme Court's rulings on Section 158BD, resulting in the dismissal of Revenue's appeals. en-us Thu, 08 Jan 2015 00:00:00 +0530 Tue, 12 May 2015 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255506 The Delhi High Court dismissed the appeals challenging notices issued under Section 158BD to third parties post search proceedings. The court emphasized the importance of satisfaction notes being prepared before transmitting records and aligning with specific stages of assessment proceedings. It scrutinized instances of delayed satisfaction notes and non-compliance with statutory requirements, leading to the conclusion that the notices were invalid. The judgment underscored the critical nature of adherence to the Supreme Court's rulings on Section 158BD, resulting in the dismissal of Revenue's appeals. Case-Laws Income Tax Thu, 08 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255506