https://www.taxtmi.com/caselaws?id=181661 The Tribunal upheld the CIT(A)'s annulment of assessments under Section 153C/143(3) due to the absence of recorded satisfaction by the AO, rendering them void ab initio. It affirmed the deletion of additions related to unexplained share capital, share application money, short-term capital gain, and unexplained purchases, emphasizing the mandatory requirement for recording satisfaction before issuing notices under Section 153C, consistent with Supreme Court precedents. en-us Wed, 29 Dec 2010 00:00:00 +0530 Mon, 04 Mar 2024 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181661 The Tribunal upheld the CIT(A)'s annulment of assessments under Section 153C/143(3) due to the absence of recorded satisfaction by the AO, rendering them void ab initio. It affirmed the deletion of additions related to unexplained share capital, share application money, short-term capital gain, and unexplained purchases, emphasizing the mandatory requirement for recording satisfaction before issuing notices under Section 153C, consistent with Supreme Court precedents. Case-Laws Income Tax Wed, 29 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181661