https://www.taxtmi.com/caselaws?id=177871 The Tribunal set aside the assessments for the years 2003-04 to 2008-09 under section 153C of the Income Tax Act due to lack of proper jurisdiction by the Assessing Officer. It emphasized the necessity of the Assessing Officer of the persons searched recording satisfaction to confer jurisdiction on the Assessing Officer of the "other person." The Tribunal rejected arguments that an appraisal report could substitute the satisfaction requirement and highlighted the importance of proper jurisdiction in tax assessments. The appeals of the assessee were allowed, and those of the Revenue were dismissed based on the jurisdictional issue. en-us Fri, 27 Feb 2015 00:00:00 +0530 Wed, 17 Feb 2016 19:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177871 The Tribunal set aside the assessments for the years 2003-04 to 2008-09 under section 153C of the Income Tax Act due to lack of proper jurisdiction by the Assessing Officer. It emphasized the necessity of the Assessing Officer of the persons searched recording satisfaction to confer jurisdiction on the Assessing Officer of the "other person." The Tribunal rejected arguments that an appraisal report could substitute the satisfaction requirement and highlighted the importance of proper jurisdiction in tax assessments. The appeals of the assessee were allowed, and those of the Revenue were dismissed based on the jurisdictional issue. Case-Laws Income Tax Fri, 27 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177871