https://www.taxtmi.com/caselaws?id=264233 The tribunal allowed the appeal, quashing the assumption of jurisdiction under Section 158BD and the additions made. Emphasizing the necessity of proper satisfaction recording by the Assessing Officer of the searched person and timely initiation of proceedings, the tribunal ruled in favor of the appellant, leading to the dismissal of the entire proceedings, including the levy of interest. The decision was rendered on 9th September 2015. en-us Wed, 09 Sep 2015 00:00:00 +0530 Mon, 21 Sep 2015 10:54:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264233 The tribunal allowed the appeal, quashing the assumption of jurisdiction under Section 158BD and the additions made. Emphasizing the necessity of proper satisfaction recording by the Assessing Officer of the searched person and timely initiation of proceedings, the tribunal ruled in favor of the appellant, leading to the dismissal of the entire proceedings, including the levy of interest. The decision was rendered on 9th September 2015. Case-Laws Income Tax Wed, 09 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264233