https://www.taxtmi.com/caselaws?id=304628 The appeals for assessment years 2004-05 to 2007-08 were allowed, quashing the assessments under section 153C due to the absence of a satisfaction note. Appeals for assessment years 2008-09 and 2010-11 were remitted back to the AO to calculate the index cost of acquisition based on the outcome of the judgment of the Hon'ble Gujarat High Court. Additions under section 50C were confirmed, while penalties under section 271(1)(c) were deleted. en-us Tue, 31 May 2022 00:00:00 +0530 Tue, 11 Oct 2022 10:39:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304628 The appeals for assessment years 2004-05 to 2007-08 were allowed, quashing the assessments under section 153C due to the absence of a satisfaction note. Appeals for assessment years 2008-09 and 2010-11 were remitted back to the AO to calculate the index cost of acquisition based on the outcome of the judgment of the Hon'ble Gujarat High Court. Additions under section 50C were confirmed, while penalties under section 271(1)(c) were deleted. Case-Laws Income Tax Tue, 31 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304628