https://www.taxtmi.com/caselaws?id=15455 Notice under section 16(1B)(b) of the Gift-tax Act was invalid because the Deputy Commissioner did not record the statutory satisfaction after examining the Assessing Officer's reasons. For proceedings started more than four years after the end of the assessment year, that prior approval was a condition precedent, and no earlier order had been made under section 15(3) or section 15(1). The absence of the prescribed satisfaction meant the initiation of proceedings was contrary to the statutory scheme, so the notice and all proceedings founded on it were held invalid and the Tribunal's decision for the assessee was upheld. en-us Wed, 11 Aug 1999 00:00:00 +0530 Thu, 06 Aug 2009 16:34:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15455 Notice under section 16(1B)(b) of the Gift-tax Act was invalid because the Deputy Commissioner did not record the statutory satisfaction after examining the Assessing Officer's reasons. For proceedings started more than four years after the end of the assessment year, that prior approval was a condition precedent, and no earlier order had been made under section 15(3) or section 15(1). The absence of the prescribed satisfaction meant the initiation of proceedings was contrary to the statutory scheme, so the notice and all proceedings founded on it were held invalid and the Tribunal's decision for the assessee was upheld. Case-Laws Income Tax Wed, 11 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15455