https://www.taxtmi.com/caselaws?id=289532 The Tribunal upheld the decision that the notice issued under section 158BD after the completion of the block assessment of the searched person was invalid. The satisfaction for initiating proceedings was recorded after the statutory time period, rendering the proceedings void. The Tribunal emphasized the importance of recording satisfaction before initiating proceedings under section 158BD. The Revenue's appeal was dismissed, affirming the invalidity of the notice and assessment order, with the assessee's cross-objection also dismissed as infructuous. en-us Mon, 27 Feb 2012 00:00:00 +0530 Wed, 05 Aug 2020 11:25:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289532 The Tribunal upheld the decision that the notice issued under section 158BD after the completion of the block assessment of the searched person was invalid. The satisfaction for initiating proceedings was recorded after the statutory time period, rendering the proceedings void. The Tribunal emphasized the importance of recording satisfaction before initiating proceedings under section 158BD. The Revenue's appeal was dismissed, affirming the invalidity of the notice and assessment order, with the assessee's cross-objection also dismissed as infructuous. Case-Laws Income Tax Mon, 27 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289532