https://www.taxtmi.com/caselaws?id=258209 The Tribunal quashed the assessments for various assessment years due to lack of jurisdiction under Section 153C, as the required satisfaction note was not recorded by the AO of the searched person. Consequently, the Revenue's appeals were dismissed, and the Tribunal allowed the assessee's cross-objections. The Tribunal referenced precedents emphasizing the necessity of recording satisfaction for Section 153C proceedings. The decision was pronounced on 25th February 2015, with the assessments being deemed void ab initio. en-us Wed, 25 Feb 2015 00:00:00 +0530 Wed, 11 Mar 2015 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258209 The Tribunal quashed the assessments for various assessment years due to lack of jurisdiction under Section 153C, as the required satisfaction note was not recorded by the AO of the searched person. Consequently, the Revenue's appeals were dismissed, and the Tribunal allowed the assessee's cross-objections. The Tribunal referenced precedents emphasizing the necessity of recording satisfaction for Section 153C proceedings. The decision was pronounced on 25th February 2015, with the assessments being deemed void ab initio. Case-Laws Income Tax Wed, 25 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258209