https://www.taxtmi.com/caselaws?id=262301 The Tribunal allowed the appeals by the assessee, quashing the proceedings under Section 153C due to the improper assumption of jurisdiction. The Tribunal emphasized the necessity of proper satisfaction being recorded by the AO of the person searched and the person against whom proceedings are initiated. The other arguments on the merits of the case were not considered due to the quashing of the proceedings. en-us Thu, 30 Jul 2015 00:00:00 +0530 Fri, 07 Aug 2015 06:37:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262301 The Tribunal allowed the appeals by the assessee, quashing the proceedings under Section 153C due to the improper assumption of jurisdiction. The Tribunal emphasized the necessity of proper satisfaction being recorded by the AO of the person searched and the person against whom proceedings are initiated. The other arguments on the merits of the case were not considered due to the quashing of the proceedings. Case-Laws Income Tax Thu, 30 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262301