https://www.taxtmi.com/caselaws?id=755294 The ITAT Kolkata Bench 'A' ruled that the initiation of proceedings under Section 158BD of the Income Tax Act was unauthorized due to the absence of a satisfaction note from the assessing officer of the searched person. The assessing officer of the respondent/assessee improperly initiated the proceedings, violating procedural requirements. The ITAT found jurisdictional issues and concluded that the assessing officer's actions were without authority, referencing the Supreme Court's decision in Manish Maheshwari. Consequently, the appeal was dismissed, affirming the ITAT's decision in favor of the assessee and against the revenue, with no substantial question of law supporting the revenue's position. en-us Wed, 03 Jul 2024 00:00:00 +0530 Mon, 03 Mar 2025 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755294 The ITAT Kolkata Bench 'A' ruled that the initiation of proceedings under Section 158BD of the Income Tax Act was unauthorized due to the absence of a satisfaction note from the assessing officer of the searched person. The assessing officer of the respondent/assessee improperly initiated the proceedings, violating procedural requirements. The ITAT found jurisdictional issues and concluded that the assessing officer's actions were without authority, referencing the Supreme Court's decision in Manish Maheshwari. Consequently, the appeal was dismissed, affirming the ITAT's decision in favor of the assessee and against the revenue, with no substantial question of law supporting the revenue's position. Case-Laws Income Tax Wed, 03 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755294