https://www.taxtmi.com/caselaws?id=360442 The Tribunal found the assessments made under Section 153C of the Income Tax Act to be void ab initio due to the lack of recorded satisfaction by the Assessing Officer. Consequently, the additions made under these assessments, including those under Section 68, were deemed legally unsustainable. As a result, the appeals by the assessee were allowed, and the orders of the CIT(A) were overturned, declaring all assessments under Section 153C as void from the beginning. en-us Fri, 11 May 2018 00:00:00 +0530 Thu, 17 May 2018 05:55:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360442 The Tribunal found the assessments made under Section 153C of the Income Tax Act to be void ab initio due to the lack of recorded satisfaction by the Assessing Officer. Consequently, the additions made under these assessments, including those under Section 68, were deemed legally unsustainable. As a result, the appeals by the assessee were allowed, and the orders of the CIT(A) were overturned, declaring all assessments under Section 153C as void from the beginning. Case-Laws Income Tax Fri, 11 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360442