https://www.taxtmi.com/circulars?id=54172 Recording of a satisfaction note is a mandatory precondition for invoking provisions permitting assessment of persons other than the searched person; it must be prepared by the assessing officer dealing with the searched person before transmitting records and may be recorded at initiation, during, or immediately after assessment proceedings. The requirement applies even when the same officer handles both persons, and analogous provisions for other persons are to be treated similarly. Litigation not meeting these criteria should be withdrawn or not pressed. en-us Thu, 31 Dec 2015 00:00:00 +0530 Tue, 11 Mar 2025 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54172 Recording of a satisfaction note is a mandatory precondition for invoking provisions permitting assessment of persons other than the searched person; it must be prepared by the assessing officer dealing with the searched person before transmitting records and may be recorded at initiation, during, or immediately after assessment proceedings. The requirement applies even when the same officer handles both persons, and analogous provisions for other persons are to be treated similarly. Litigation not meeting these criteria should be withdrawn or not pressed. Circulars Income Tax Thu, 31 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54172