https://www.taxtmi.com/caselaws?id=765621 The HC upheld ITAT's decision favoring the assessee in a Section 153C assessment case. The court held that recording a satisfaction note is mandatory before initiating Section 153C proceedings, even when the same AO handles both searched and other persons. Following Supreme Court precedent in Manish Maheshwari and CBDT Circular No.24/2015, the court confirmed that without proper satisfaction note recording, Section 153C proceedings cannot be validly invoked. The Revenue's appeal was dismissed as the lower authorities correctly applied settled legal principles. en-us Wed, 29 Jan 2025 00:00:00 +0530 Wed, 09 Jul 2025 16:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765621 The HC upheld ITAT's decision favoring the assessee in a Section 153C assessment case. The court held that recording a satisfaction note is mandatory before initiating Section 153C proceedings, even when the same AO handles both searched and other persons. Following Supreme Court precedent in Manish Maheshwari and CBDT Circular No.24/2015, the court confirmed that without proper satisfaction note recording, Section 153C proceedings cannot be validly invoked. The Revenue's appeal was dismissed as the lower authorities correctly applied settled legal principles. Case-Laws Income Tax Wed, 29 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765621