https://www.taxtmi.com/caselaws?id=410141 The Tribunal upheld the validity of proceedings initiated under section 153C of the Income Tax Act, based on the satisfaction note recorded by the Assessing Officer. It concluded that the sum of Rs. 2.44 Crores received by the assessee was assessable as income, dismissing the appeal by the assessee and ruling in favor of the Revenue. en-us Fri, 23 Jul 2021 00:00:00 +0530 Mon, 26 Jul 2021 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410141 The Tribunal upheld the validity of proceedings initiated under section 153C of the Income Tax Act, based on the satisfaction note recorded by the Assessing Officer. It concluded that the sum of Rs. 2.44 Crores received by the assessee was assessable as income, dismissing the appeal by the assessee and ruling in favor of the Revenue. Case-Laws Income Tax Fri, 23 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410141