https://www.taxtmi.com/caselaws?id=341264 The Tribunal quashed the assessments due to lack of valid jurisdiction under Section 153C of the Income Tax Act, emphasizing the necessity of recording proper satisfaction in the case of the searched person before initiating proceedings. The Tribunal dismissed Revenue's appeals as infructuous, highlighting the importance of adhering to CBDT Circular No. 24/2015 and judicial precedents in such matters. en-us Wed, 22 Mar 2017 00:00:00 +0530 Wed, 05 Apr 2017 07:06:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341264 The Tribunal quashed the assessments due to lack of valid jurisdiction under Section 153C of the Income Tax Act, emphasizing the necessity of recording proper satisfaction in the case of the searched person before initiating proceedings. The Tribunal dismissed Revenue's appeals as infructuous, highlighting the importance of adhering to CBDT Circular No. 24/2015 and judicial precedents in such matters. Case-Laws Income Tax Wed, 22 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341264