https://www.taxtmi.com/caselaws?id=257419 The Tribunal found that the absence of recorded satisfaction by the Assessing Officer of the searched person invalidated the initiation of proceedings under section 153C of the Income Tax Act. Consequently, the assessment orders were set aside as void ab initio. The assessee's appeals were allowed, and the department's cross appeals were dismissed on 27/02/2015. Other issues raised by the assessee, including penalty proceedings and interest charges, were not addressed due to the jurisdictional finding. en-us Fri, 27 Feb 2015 00:00:00 +0530 Wed, 11 Mar 2015 08:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257419 The Tribunal found that the absence of recorded satisfaction by the Assessing Officer of the searched person invalidated the initiation of proceedings under section 153C of the Income Tax Act. Consequently, the assessment orders were set aside as void ab initio. The assessee's appeals were allowed, and the department's cross appeals were dismissed on 27/02/2015. Other issues raised by the assessee, including penalty proceedings and interest charges, were not addressed due to the jurisdictional finding. Case-Laws Income Tax Fri, 27 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257419