https://www.taxtmi.com/caselaws?id=372305 The Tribunal found the initiation of proceedings under Section 153C of the Income Tax Act to be void due to the absence of a proper satisfaction note by the Assessing Officer of the searched person. Consequently, the assessment proceedings for the relevant years were quashed. As a result, the issues regarding the maintenance of additions under Section 69D became moot, and the Tribunal did not address them. The appeals for both assessment years were allowed in favor of the assessee, with the invalidation of the Section 153C proceedings and the consequential impact on the Section 69D additions. en-us Tue, 18 Dec 2018 00:00:00 +0530 Thu, 20 Dec 2018 08:17:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372305 The Tribunal found the initiation of proceedings under Section 153C of the Income Tax Act to be void due to the absence of a proper satisfaction note by the Assessing Officer of the searched person. Consequently, the assessment proceedings for the relevant years were quashed. As a result, the issues regarding the maintenance of additions under Section 69D became moot, and the Tribunal did not address them. The appeals for both assessment years were allowed in favor of the assessee, with the invalidation of the Section 153C proceedings and the consequential impact on the Section 69D additions. Case-Laws Income Tax Tue, 18 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372305