https://www.taxtmi.com/caselaws?id=266741 The Tribunal found that the assessment orders issued under Section 153C were invalid as the necessary satisfaction was not recorded by the Assessing Officer of the person searched. Consequently, the notices and subsequent assessment orders were quashed. The Tribunal applied principles from higher courts emphasizing the mandatory requirement of recording satisfaction before initiating proceedings under Section 153C. As the facts in other cases were similar, those assessment orders were also invalidated. All appeals were allowed, and the assessment orders were quashed. en-us Fri, 11 Sep 2015 00:00:00 +0530 Sat, 30 Apr 2016 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266741 The Tribunal found that the assessment orders issued under Section 153C were invalid as the necessary satisfaction was not recorded by the Assessing Officer of the person searched. Consequently, the notices and subsequent assessment orders were quashed. The Tribunal applied principles from higher courts emphasizing the mandatory requirement of recording satisfaction before initiating proceedings under Section 153C. As the facts in other cases were similar, those assessment orders were also invalidated. All appeals were allowed, and the assessment orders were quashed. Case-Laws Income Tax Fri, 11 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266741