https://www.taxtmi.com/caselaws?id=330665 The Tribunal upheld the assessee's appeal, citing the A.O.'s failure to record proper satisfaction as required under Section 153C. The Tribunal found the satisfaction recorded to be mechanical and lacking material particulars, resulting in the quashing of the assessment proceedings. Consequently, the Revenue's appeals were dismissed, while the assessee's appeals were allowed. The Tribunal did not delve into the merits of the Revenue's appeals due to the decision on the satisfaction issue. en-us Wed, 27 Jul 2016 00:00:00 +0530 Tue, 02 Aug 2016 13:44:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330665 The Tribunal upheld the assessee's appeal, citing the A.O.'s failure to record proper satisfaction as required under Section 153C. The Tribunal found the satisfaction recorded to be mechanical and lacking material particulars, resulting in the quashing of the assessment proceedings. Consequently, the Revenue's appeals were dismissed, while the assessee's appeals were allowed. The Tribunal did not delve into the merits of the Revenue's appeals due to the decision on the satisfaction issue. Case-Laws Income Tax Wed, 27 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330665