https://www.taxtmi.com/caselaws?id=378256 The Tribunal allowed the appeal of the assessee as the assumption of jurisdiction under Section 153C was deemed invalid due to the absence of a proper satisfaction note by the AO of the searched person. Consequently, the Tribunal did not address the merits of the addition of Rs. 50 lakhs on account of investment from unexplained sources. The appeal was allowed, and the order was pronounced on 9th April 2019. en-us Tue, 09 Apr 2019 00:00:00 +0530 Thu, 11 Apr 2019 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378256 The Tribunal allowed the appeal of the assessee as the assumption of jurisdiction under Section 153C was deemed invalid due to the absence of a proper satisfaction note by the AO of the searched person. Consequently, the Tribunal did not address the merits of the addition of Rs. 50 lakhs on account of investment from unexplained sources. The appeal was allowed, and the order was pronounced on 9th April 2019. Case-Laws Income Tax Tue, 09 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378256