https://www.taxtmi.com/caselaws?id=259488 The Court upheld the Tribunal's decision to allow an additional ground challenging the absence of recorded satisfaction by the Assessing Officer before initiating proceedings under section 153-C of the Income Tax Act. The Court emphasized the necessity of recorded satisfaction and dismissed the appeals, highlighting the mandatory nature of this requirement and the importance of procedural compliance in tax proceedings. The absence of such satisfaction vitiated the proceedings, underscoring the significance of meeting statutory prerequisites in tax matters. en-us Wed, 29 Apr 2015 00:00:00 +0530 Tue, 12 May 2015 06:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259488 The Court upheld the Tribunal's decision to allow an additional ground challenging the absence of recorded satisfaction by the Assessing Officer before initiating proceedings under section 153-C of the Income Tax Act. The Court emphasized the necessity of recorded satisfaction and dismissed the appeals, highlighting the mandatory nature of this requirement and the importance of procedural compliance in tax proceedings. The absence of such satisfaction vitiated the proceedings, underscoring the significance of meeting statutory prerequisites in tax matters. Case-Laws Income Tax Wed, 29 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259488