https://www.taxtmi.com/caselaws?id=761833 The ITAT allowed the appeal, ruling that the assessment for AY 2009-10 under section 153C of the Income-tax Act, 1961, was beyond jurisdiction. The Tribunal found that the notice was issued after the satisfaction was recorded for AY 2016-17, making it jurisdictionally invalid for AY 2009-10. The decision was guided by judicial precedents, including the Delhi HC's clarification on the necessity of recording satisfaction under section 153C, leading to the assessment being set aside. en-us Thu, 14 Nov 2024 00:00:00 +0530 Sat, 16 Nov 2024 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761833 The ITAT allowed the appeal, ruling that the assessment for AY 2009-10 under section 153C of the Income-tax Act, 1961, was beyond jurisdiction. The Tribunal found that the notice was issued after the satisfaction was recorded for AY 2016-17, making it jurisdictionally invalid for AY 2009-10. The decision was guided by judicial precedents, including the Delhi HC's clarification on the necessity of recording satisfaction under section 153C, leading to the assessment being set aside. Case-Laws Income Tax Thu, 14 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761833