https://www.taxtmi.com/caselaws?id=407222 The Tribunal emphasized the importance of the Assessing Officer being satisfied about undisclosed income before initiating proceedings under section 153C of the Income Tax Act. It found that the recording of satisfaction is a crucial legal matter that was not adequately addressed by the Commissioner of Income Tax (Appeals). The Tribunal allowed the appeals for statistical purposes, remitting the issue back to the CIT (Appeals) for a fresh examination with relevant records from the Assessing Officer of the searched person. Other grounds raised by the assesses were kept open for future review. en-us Mon, 08 Feb 2021 00:00:00 +0530 Tue, 04 May 2021 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407222 The Tribunal emphasized the importance of the Assessing Officer being satisfied about undisclosed income before initiating proceedings under section 153C of the Income Tax Act. It found that the recording of satisfaction is a crucial legal matter that was not adequately addressed by the Commissioner of Income Tax (Appeals). The Tribunal allowed the appeals for statistical purposes, remitting the issue back to the CIT (Appeals) for a fresh examination with relevant records from the Assessing Officer of the searched person. Other grounds raised by the assesses were kept open for future review. Case-Laws Income Tax Mon, 08 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407222