https://www.taxtmi.com/caselaws?id=353586 The Tribunal upheld the decisions to quash notices and assessment orders under Section 153C of the Income Tax Act due to the absence of recorded satisfaction by the Assessing Officer (AO) of the searched person. The Commissioner of Income Tax (Appeals) and the Tribunal found that the lack of satisfaction in the case of the searched person invalidated the jurisdiction assumed by the AO, following precedents and CBDT Circular No. 24/2015. The Tribunal dismissed the Revenue's appeals, emphasizing the necessity of recording satisfaction for assuming jurisdiction under Section 153C. en-us Mon, 01 Jan 2018 00:00:00 +0530 Sat, 09 Mar 2019 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353586 The Tribunal upheld the decisions to quash notices and assessment orders under Section 153C of the Income Tax Act due to the absence of recorded satisfaction by the Assessing Officer (AO) of the searched person. The Commissioner of Income Tax (Appeals) and the Tribunal found that the lack of satisfaction in the case of the searched person invalidated the jurisdiction assumed by the AO, following precedents and CBDT Circular No. 24/2015. The Tribunal dismissed the Revenue's appeals, emphasizing the necessity of recording satisfaction for assuming jurisdiction under Section 153C. Case-Laws Income Tax Mon, 01 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353586