https://www.taxtmi.com/caselaws?id=392962 The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal in a case concerning the jurisdiction of the Assessing Officer under Section 153C of the Income-tax Act. The Tribunal emphasized the necessity of the Assessing Officer's satisfaction for initiating assessment proceedings, quashing the assessment order due to the absence of a satisfaction note. The judgment underscored the importance of proper documentation and adherence to procedural requirements to maintain the validity of assessment orders in cases involving undisclosed income based on seized documents. en-us Mon, 05 Aug 2019 00:00:00 +0530 Tue, 03 Mar 2020 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392962 The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal in a case concerning the jurisdiction of the Assessing Officer under Section 153C of the Income-tax Act. The Tribunal emphasized the necessity of the Assessing Officer's satisfaction for initiating assessment proceedings, quashing the assessment order due to the absence of a satisfaction note. The judgment underscored the importance of proper documentation and adherence to procedural requirements to maintain the validity of assessment orders in cases involving undisclosed income based on seized documents. Case-Laws Income Tax Mon, 05 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392962