https://www.taxtmi.com/caselaws?id=391824 The Tribunal invalidated block assessments under sec.158BD due to the absence of recorded satisfaction by the Assessing Officer, rendering the proceedings void ab initio. The CBDT Circular emphasized the necessity of recording satisfaction notes under sec.158BD/153C, aligning with the Supreme Court's directives in a related case. As a result, the appeals were dismissed as withdrawn, underscoring the importance of strict compliance with legal requirements for the validity of block assessments and associated proceedings. en-us Mon, 27 Jan 2020 00:00:00 +0530 Fri, 07 Feb 2020 11:25:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391824 The Tribunal invalidated block assessments under sec.158BD due to the absence of recorded satisfaction by the Assessing Officer, rendering the proceedings void ab initio. The CBDT Circular emphasized the necessity of recording satisfaction notes under sec.158BD/153C, aligning with the Supreme Court's directives in a related case. As a result, the appeals were dismissed as withdrawn, underscoring the importance of strict compliance with legal requirements for the validity of block assessments and associated proceedings. Case-Laws Income Tax Mon, 27 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391824