https://www.taxtmi.com/caselaws?id=439191 The ITAT Ahmedabad revisited the validity of an assessment under section 153C of the Income Tax Act, emphasizing the necessity of a satisfaction note by the AO of the searched person. The Tribunal found that this requirement was not fulfilled in the case, leading to the rejection of the assessee's argument and upholding the assessment's validity. The Tribunal's decision aligned with the Supreme Court's ruling in Super Mall P. Ltd., emphasizing the importance of the satisfaction note. The order was pronounced on 14th June 2023 in Ahmedabad, forming part of the original order dated 12.4.2013. en-us Wed, 14 Jun 2023 00:00:00 +0530 Mon, 19 Jun 2023 09:11:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439191 The ITAT Ahmedabad revisited the validity of an assessment under section 153C of the Income Tax Act, emphasizing the necessity of a satisfaction note by the AO of the searched person. The Tribunal found that this requirement was not fulfilled in the case, leading to the rejection of the assessee's argument and upholding the assessment's validity. The Tribunal's decision aligned with the Supreme Court's ruling in Super Mall P. Ltd., emphasizing the importance of the satisfaction note. The order was pronounced on 14th June 2023 in Ahmedabad, forming part of the original order dated 12.4.2013. Case-Laws Income Tax Wed, 14 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439191