https://www.taxtmi.com/caselaws?id=368272 The Tribunal quashed the assessment under section 153C of the Income Tax Act as no satisfaction note was recorded by the Assessing Officer of the searched person, rendering the assessment invalid. The Tribunal emphasized the jurisdictional requirement of recording satisfaction even if the AO of the searched person and the assessee are the same. The decision highlights the importance of complying with procedural requirements, specifically the recording of satisfaction by the AO of the searched person before invoking section 153C. en-us Fri, 28 Sep 2018 00:00:00 +0530 Fri, 07 Dec 2018 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368272 The Tribunal quashed the assessment under section 153C of the Income Tax Act as no satisfaction note was recorded by the Assessing Officer of the searched person, rendering the assessment invalid. The Tribunal emphasized the jurisdictional requirement of recording satisfaction even if the AO of the searched person and the assessee are the same. The decision highlights the importance of complying with procedural requirements, specifically the recording of satisfaction by the AO of the searched person before invoking section 153C. Case-Laws Income Tax Fri, 28 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368272