https://www.taxtmi.com/caselaws?id=263172 The Tribunal dismissed both appeals of the Revenue, upholding the decision that the proceedings under section 158BD were invalid due to the lack of recorded satisfaction by the AO of the searched person. Additionally, the addition of Rs. 10,72,500/- as undisclosed income was deemed unjustified as the loose paper seized lacked corroborative evidence and was considered insufficient to prove the alleged cash payment. en-us Wed, 27 May 2015 00:00:00 +0530 Wed, 26 Aug 2015 17:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263172 The Tribunal dismissed both appeals of the Revenue, upholding the decision that the proceedings under section 158BD were invalid due to the lack of recorded satisfaction by the AO of the searched person. Additionally, the addition of Rs. 10,72,500/- as undisclosed income was deemed unjustified as the loose paper seized lacked corroborative evidence and was considered insufficient to prove the alleged cash payment. Case-Laws Income Tax Wed, 27 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263172