https://www.taxtmi.com/caselaws?id=405404 The Tribunal dismissed the appeals filed by the Revenue and the cross objections filed by the assessee, upholding the CIT(A)'s decision that the proceedings initiated under Section 153C were invalid due to the absence of specific observations about undisclosed income in the satisfaction note. The Tribunal also agreed with the CIT(A)'s decision not to adjudicate the issues on merits, as they were rendered academic in nature. en-us Thu, 18 Mar 2021 00:00:00 +0530 Fri, 19 Mar 2021 09:20:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405404 The Tribunal dismissed the appeals filed by the Revenue and the cross objections filed by the assessee, upholding the CIT(A)'s decision that the proceedings initiated under Section 153C were invalid due to the absence of specific observations about undisclosed income in the satisfaction note. The Tribunal also agreed with the CIT(A)'s decision not to adjudicate the issues on merits, as they were rendered academic in nature. Case-Laws Income Tax Thu, 18 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405404