https://www.taxtmi.com/caselaws?id=358894 The court found the proceedings under Section 153C of the Income Tax Act invalid due to a defective satisfaction note and failure to issue a notice under Section 143(2) within the prescribed time. The assessment was quashed as the satisfaction note did not meet legal standards. The court emphasized the importance of a detailed satisfaction note and the necessity of separate satisfaction notes, even if the Assessing Officer is the same for the searched and other person. The appeal was dismissed, affirming the ITAT's decision. en-us Wed, 18 Apr 2018 00:00:00 +0530 Thu, 31 May 2018 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358894 The court found the proceedings under Section 153C of the Income Tax Act invalid due to a defective satisfaction note and failure to issue a notice under Section 143(2) within the prescribed time. The assessment was quashed as the satisfaction note did not meet legal standards. The court emphasized the importance of a detailed satisfaction note and the necessity of separate satisfaction notes, even if the Assessing Officer is the same for the searched and other person. The appeal was dismissed, affirming the ITAT's decision. Case-Laws Income Tax Wed, 18 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358894