https://www.taxtmi.com/caselaws?id=177055 Proceedings under s. 153C were challenged on the ground that the statutory precondition of recording satisfaction by the AO of the searched person was not met. The ITAT held that such satisfaction is mandatory before invoking s. 153C, and absence of the satisfaction note vitiates the jurisdiction to proceed against the other person. Consequently, the assessments framed under s. 153C were quashed as illegal, and relief was granted to the assessee. en-us Fri, 28 Nov 2014 00:00:00 +0530 Wed, 31 Dec 2025 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177055 Proceedings under s. 153C were challenged on the ground that the statutory precondition of recording satisfaction by the AO of the searched person was not met. The ITAT held that such satisfaction is mandatory before invoking s. 153C, and absence of the satisfaction note vitiates the jurisdiction to proceed against the other person. Consequently, the assessments framed under s. 153C were quashed as illegal, and relief was granted to the assessee. Case-Laws Income Tax Fri, 28 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177055