https://www.taxtmi.com/caselaws?id=779137 ITAT held that initiation of proceedings under s.153C was invalid because the AO's recorded satisfaction in the searched person's case-a precondition for proceeding against the assessee-was not placed on record despite requests. Consequently, the assessment order passed r/w s.153C and s.143(3) was quashed and the appeal allowed. The tribunal noted support from a CBDT circular and higher-court guidance that such proceedings must meet the prescribed satisfaction requirement. en-us Fri, 12 Sep 2025 00:00:00 +0530 Mon, 29 Sep 2025 08:27:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779137 ITAT held that initiation of proceedings under s.153C was invalid because the AO's recorded satisfaction in the searched person's case-a precondition for proceeding against the assessee-was not placed on record despite requests. Consequently, the assessment order passed r/w s.153C and s.143(3) was quashed and the appeal allowed. The tribunal noted support from a CBDT circular and higher-court guidance that such proceedings must meet the prescribed satisfaction requirement. Case-Laws Income Tax Fri, 12 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779137