https://www.taxtmi.com/caselaws?id=273185 The Tribunal held that the initiation of proceedings under section 153C of the Income Tax Act was not valid due to the lack of proper satisfaction and vague reasons. Citing legal precedents and the requirement for compliance with statutory provisions, the Tribunal ruled in favor of the assessee, quashing the proceedings under section 153C. As the initiation of proceedings was deemed unlawful, the Tribunal did not delve into other issues raised by the assessee on merits, ultimately allowing the appeals filed by the assessee. en-us Tue, 09 Aug 2016 00:00:00 +0530 Sat, 09 Jun 2018 21:57:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273185 The Tribunal held that the initiation of proceedings under section 153C of the Income Tax Act was not valid due to the lack of proper satisfaction and vague reasons. Citing legal precedents and the requirement for compliance with statutory provisions, the Tribunal ruled in favor of the assessee, quashing the proceedings under section 153C. As the initiation of proceedings was deemed unlawful, the Tribunal did not delve into other issues raised by the assessee on merits, ultimately allowing the appeals filed by the assessee. Case-Laws Income Tax Tue, 09 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273185