https://www.taxtmi.com/caselaws?id=395495 The High Court allowed the appeal, emphasizing compliance with procedural requirements and legal principles in block assessment proceedings under the Income Tax Act, 1961. The court held that the assessing officer must record satisfaction before completing block assessment proceedings under Section 158BC. Failure to do so renders the assessment order void ab initio. The court clarified that the satisfaction note is crucial and can be prepared at various stages, including after completing assessment proceedings under Section 158BC. The High Court ruled against the Tribunal's decision, emphasizing adherence to established legal principles. en-us Mon, 18 May 2020 00:00:00 +0530 Mon, 25 May 2020 11:01:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395495 The High Court allowed the appeal, emphasizing compliance with procedural requirements and legal principles in block assessment proceedings under the Income Tax Act, 1961. The court held that the assessing officer must record satisfaction before completing block assessment proceedings under Section 158BC. Failure to do so renders the assessment order void ab initio. The court clarified that the satisfaction note is crucial and can be prepared at various stages, including after completing assessment proceedings under Section 158BC. The High Court ruled against the Tribunal's decision, emphasizing adherence to established legal principles. Case-Laws Income Tax Mon, 18 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395495