https://www.taxtmi.com/caselaws?id=336779 The court found the initiation of proceedings under section 153C invalid as the satisfaction note was recorded by the Assessing Officer of the assessee, not the person searched as required by law. Consequently, the assessment orders for the relevant years were quashed, allowing the assessee's appeals and dismissing the Revenue's appeals. The judgment underscored the necessity of strict compliance with statutory requirements, particularly the need for a satisfaction note by the Assessing Officer of the person searched to ensure the validity of proceedings under section 153C. en-us Fri, 28 Oct 2016 00:00:00 +0530 Wed, 28 Dec 2016 09:41:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336779 The court found the initiation of proceedings under section 153C invalid as the satisfaction note was recorded by the Assessing Officer of the assessee, not the person searched as required by law. Consequently, the assessment orders for the relevant years were quashed, allowing the assessee's appeals and dismissing the Revenue's appeals. The judgment underscored the necessity of strict compliance with statutory requirements, particularly the need for a satisfaction note by the Assessing Officer of the person searched to ensure the validity of proceedings under section 153C. Case-Laws Income Tax Fri, 28 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336779