https://www.taxtmi.com/caselaws?id=778999 ITAT held the s.153C assessment invalid because the recorded "satisfaction" was perfunctory, cryptic and lacked year-wise specification of seized documents/assets, so AO failed to apply mind. Consequently the notice and assessment under s.153C were vitiated and quashed. Consolidated satisfaction notes are permissible only if they link specific seized material to each assessment year. Appeals by the assessee were allowed. en-us Wed, 27 Aug 2025 00:00:00 +0530 Fri, 26 Sep 2025 08:26:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778999 ITAT held the s.153C assessment invalid because the recorded "satisfaction" was perfunctory, cryptic and lacked year-wise specification of seized documents/assets, so AO failed to apply mind. Consequently the notice and assessment under s.153C were vitiated and quashed. Consolidated satisfaction notes are permissible only if they link specific seized material to each assessment year. Appeals by the assessee were allowed. Case-Laws Income Tax Wed, 27 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778999