https://www.taxtmi.com/caselaws?id=757382 Proceedings under section 153C were treated as invalid where notices were based on loose sheets and diaries, as such material was held to have no sufficient evidentiary value for sustaining the action. The recorded satisfaction under section 153C must be prepared separately for each assessment year; a consolidated satisfaction note for multiple years was found to vitiate the assessment proceedings. On that basis, the notices were held bad in law and the assessment action void and illegal, with no reason to disturb the High Court's view. en-us Tue, 20 Aug 2024 00:00:00 +0530 Thu, 23 Apr 2026 18:58:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757382 Proceedings under section 153C were treated as invalid where notices were based on loose sheets and diaries, as such material was held to have no sufficient evidentiary value for sustaining the action. The recorded satisfaction under section 153C must be prepared separately for each assessment year; a consolidated satisfaction note for multiple years was found to vitiate the assessment proceedings. On that basis, the notices were held bad in law and the assessment action void and illegal, with no reason to disturb the High Court's view. Case-Laws Income Tax Tue, 20 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757382