https://www.taxtmi.com/caselaws?id=328146 The Tribunal quashed the proceedings under section 153C of the Income Tax Act due to the absence of recorded satisfaction by the Assessing Officer of the searched person. Consequently, all additions made in the assessment orders under sections 23(4) and 69A were also deleted. The Tribunal emphasized the mandatory requirement of recording satisfaction in writing before initiating proceedings under section 153C, in line with the jurisdictional High Court's decisions and CBDT guidelines. en-us Tue, 05 Apr 2016 00:00:00 +0530 Fri, 27 May 2016 10:11:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328146 The Tribunal quashed the proceedings under section 153C of the Income Tax Act due to the absence of recorded satisfaction by the Assessing Officer of the searched person. Consequently, all additions made in the assessment orders under sections 23(4) and 69A were also deleted. The Tribunal emphasized the mandatory requirement of recording satisfaction in writing before initiating proceedings under section 153C, in line with the jurisdictional High Court's decisions and CBDT guidelines. Case-Laws Income Tax Tue, 05 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328146