https://www.taxtmi.com/caselaws?id=176330 The Tribunal held that the assessments under Section 153C were invalid due to the absence of recorded satisfaction by the Assessing Officer, following precedents emphasizing the mandatory nature of this requirement. Consequently, the appeals were allowed, and the assessments were quashed, without delving deeply into the merits of the additions made on account of gifts received by the assessee. The order was pronounced on 31st May 2011. en-us Tue, 31 May 2011 00:00:00 +0530 Sat, 19 Dec 2015 12:39:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176330 The Tribunal held that the assessments under Section 153C were invalid due to the absence of recorded satisfaction by the Assessing Officer, following precedents emphasizing the mandatory nature of this requirement. Consequently, the appeals were allowed, and the assessments were quashed, without delving deeply into the merits of the additions made on account of gifts received by the assessee. The order was pronounced on 31st May 2011. Case-Laws Income Tax Tue, 31 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176330