https://www.taxtmi.com/caselaws?id=305479 The Tribunal quashed the assessment order under section 143(3) r.w.s. 153C of the Income Tax Act for the assessment year 2008-09 due to the invalid initiation of proceedings without the Assessing Officer's satisfaction note of the searched person. The additions made by the Assessing Officer on the Project at Satellite Hills were also overturned as the initiation of proceedings under section 153C was deemed invalid. The Tribunal emphasized the necessity of the Assessing Officer's satisfaction as a prerequisite for invoking section 153C, leading to the appeal being allowed and the proceedings under section 153C being quashed. en-us Tue, 04 Dec 2018 00:00:00 +0530 Tue, 06 Dec 2022 14:39:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305479 The Tribunal quashed the assessment order under section 143(3) r.w.s. 153C of the Income Tax Act for the assessment year 2008-09 due to the invalid initiation of proceedings without the Assessing Officer's satisfaction note of the searched person. The additions made by the Assessing Officer on the Project at Satellite Hills were also overturned as the initiation of proceedings under section 153C was deemed invalid. The Tribunal emphasized the necessity of the Assessing Officer's satisfaction as a prerequisite for invoking section 153C, leading to the appeal being allowed and the proceedings under section 153C being quashed. Case-Laws Income Tax Tue, 04 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305479