https://www.taxtmi.com/caselaws?id=269932 The Appellate Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to annul the assessment order due to a significant delay in issuing the satisfaction note under sections 158BD, 158BC, and 143(3) of the Income Tax Act. The Tribunal found the delay of almost four years between the completion of the searched party's assessment and the notice issuance to the assessee to be excessive, leading to the dismissal of the Revenue's appeal. The case highlighted the importance of timely notice issuance under section 158BD to ensure the validity of assessment proceedings. en-us Wed, 28 Oct 2015 00:00:00 +0530 Thu, 24 Dec 2015 10:10:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269932 The Appellate Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to annul the assessment order due to a significant delay in issuing the satisfaction note under sections 158BD, 158BC, and 143(3) of the Income Tax Act. The Tribunal found the delay of almost four years between the completion of the searched party's assessment and the notice issuance to the assessee to be excessive, leading to the dismissal of the Revenue's appeal. The case highlighted the importance of timely notice issuance under section 158BD to ensure the validity of assessment proceedings. Case-Laws Income Tax Wed, 28 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269932