https://www.taxtmi.com/caselaws?id=400046 The Tribunal upheld the CIT(A)'s decision to quash the assessment order under section 153C of the Income Tax Act. It was found that the satisfaction note did not meet the necessary requirements for establishing jurisdiction under section 153C, as it failed to specify that the seized documents belonged to the assessee and not the searched person. The Revenue's appeal was dismissed, emphasizing the importance of complying with legal precedents and guidelines for assuming jurisdiction under section 153C. en-us Thu, 22 Oct 2020 00:00:00 +0530 Mon, 26 Oct 2020 13:23:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400046 The Tribunal upheld the CIT(A)'s decision to quash the assessment order under section 153C of the Income Tax Act. It was found that the satisfaction note did not meet the necessary requirements for establishing jurisdiction under section 153C, as it failed to specify that the seized documents belonged to the assessee and not the searched person. The Revenue's appeal was dismissed, emphasizing the importance of complying with legal precedents and guidelines for assuming jurisdiction under section 153C. Case-Laws Income Tax Thu, 22 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400046