https://www.taxtmi.com/caselaws?id=257951 The tribunal quashed the assessments framed under Section 153C read with Section 143(3) for the assessment years 2003-04 to 2008-09 due to the absence of a satisfaction note recorded by the Assessing Officer (AO) of the searched party. The tribunal emphasized that the satisfaction note is a condition precedent for initiating proceedings under Section 153C against a person other than the searched party. Consequently, the cross appeals filed by the Revenue were dismissed, relying on judicial pronouncements requiring the recording of a satisfaction note for jurisdictional purposes. en-us Fri, 13 Mar 2015 00:00:00 +0530 Wed, 25 Mar 2015 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257951 The tribunal quashed the assessments framed under Section 153C read with Section 143(3) for the assessment years 2003-04 to 2008-09 due to the absence of a satisfaction note recorded by the Assessing Officer (AO) of the searched party. The tribunal emphasized that the satisfaction note is a condition precedent for initiating proceedings under Section 153C against a person other than the searched party. Consequently, the cross appeals filed by the Revenue were dismissed, relying on judicial pronouncements requiring the recording of a satisfaction note for jurisdictional purposes. Case-Laws Income Tax Fri, 13 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257951