https://www.taxtmi.com/caselaws?id=191030 The appeals were allowed as the Assessing Officer did not record satisfaction that the income related to seized material belonged to the assessees, leading to the quashing of assessments under sections 143(3) and 153C of the Income Tax Act. Additionally, the appeals against the Assessing Officer's order under section 154 were also quashed since the basis for the order was eliminated. The judgments were pronounced in open court, ultimately favoring the assessees based on the absence of recorded satisfaction by the Assessing Officer. en-us Wed, 09 Dec 2015 00:00:00 +0530 Sat, 18 Mar 2017 11:23:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191030 The appeals were allowed as the Assessing Officer did not record satisfaction that the income related to seized material belonged to the assessees, leading to the quashing of assessments under sections 143(3) and 153C of the Income Tax Act. Additionally, the appeals against the Assessing Officer's order under section 154 were also quashed since the basis for the order was eliminated. The judgments were pronounced in open court, ultimately favoring the assessees based on the absence of recorded satisfaction by the Assessing Officer. Case-Laws Income Tax Wed, 09 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191030