https://www.taxtmi.com/caselaws?id=266749 The Tribunal quashed the assessment order for AY 2007-08 due to the absence of recorded satisfaction under Section 153C. For AY 2008-09, the rejection of books and income estimation were set aside, with the additional Rs. 92 lakhs income sustained, allowing a set-off for Rs. 20 lakhs. Appeals were partly allowed for both parties. en-us Tue, 15 Sep 2015 00:00:00 +0530 Fri, 23 Oct 2015 11:10:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266749 The Tribunal quashed the assessment order for AY 2007-08 due to the absence of recorded satisfaction under Section 153C. For AY 2008-09, the rejection of books and income estimation were set aside, with the additional Rs. 92 lakhs income sustained, allowing a set-off for Rs. 20 lakhs. Appeals were partly allowed for both parties. Case-Laws Income Tax Tue, 15 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266749