https://www.taxtmi.com/caselaws?id=362396 The Tribunal dismissed the Department's appeal, upholding the CIT(A)'s decision to quash the block assessment under Section 158BD of the Income Tax Act. The Tribunal found that the satisfaction note was not recorded as required by law, was anti-dated, and the assessment was time-barred. The materials used for the assessment were improperly sourced from the assessee's premises rather than the searched person, invalidating the proceedings. en-us Tue, 19 Jun 2018 00:00:00 +0530 Mon, 25 Jun 2018 08:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362396 The Tribunal dismissed the Department's appeal, upholding the CIT(A)'s decision to quash the block assessment under Section 158BD of the Income Tax Act. The Tribunal found that the satisfaction note was not recorded as required by law, was anti-dated, and the assessment was time-barred. The materials used for the assessment were improperly sourced from the assessee's premises rather than the searched person, invalidating the proceedings. Case-Laws Income Tax Tue, 19 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362396