https://www.taxtmi.com/caselaws?id=443268 The court upheld the validity of assessments under Sections 153A and 153C of the Income Tax Act, finding no procedural irregularities or delays in handling seized materials. It directed that assessments lacking specific incriminating material for certain years be quashed. The court emphasized the need for specificity and credibility in satisfaction notes and mandated jurisdictional and procedural compliance by assessing authorities. It ordered that petitioners be given a chance for cross-examination, ensuring principles of natural justice are upheld, and allowed petitioners to challenge remaining assessments through statutory appeals. en-us Wed, 28 Jun 2023 00:00:00 +0530 Thu, 07 May 2026 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443268 The court upheld the validity of assessments under Sections 153A and 153C of the Income Tax Act, finding no procedural irregularities or delays in handling seized materials. It directed that assessments lacking specific incriminating material for certain years be quashed. The court emphasized the need for specificity and credibility in satisfaction notes and mandated jurisdictional and procedural compliance by assessing authorities. It ordered that petitioners be given a chance for cross-examination, ensuring principles of natural justice are upheld, and allowed petitioners to challenge remaining assessments through statutory appeals. Case-Laws Income Tax Wed, 28 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443268