https://www.taxtmi.com/highlights?id=93221 ITAT held that the Assessing Officer failed to comply with statutory prerequisites for initiating proceedings under s.153C: no independent satisfaction was recorded that seized documents did not belong to the person from whose possession they were seized, and no separate per-assessment-year satisfactions were recorded for the assessee, the AO having relied on a single consolidated satisfaction note covering multiple entities. Further, no draft assessment was issued as required by s.144C(1). Consequent assessments premised on the defective s.153C exercise were vitiated. ITAT upheld the CIT(A)'s order setting aside the final assessments and restored relief to the assessee. en-us Fri, 10 Oct 2025 08:44:07 +0530 Fri, 10 Oct 2025 08:44:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=93221 ITAT held that the Assessing Officer failed to comply with statutory prerequisites for initiating proceedings under s.153C: no independent satisfaction was recorded that seized documents did not belong to the person from whose possession they were seized, and no separate per-assessment-year satisfactions were recorded for the assessee, the AO having relied on a single consolidated satisfaction note covering multiple entities. Further, no draft assessment was issued as required by s.144C(1). Consequent assessments premised on the defective s.153C exercise were vitiated. ITAT upheld the CIT(A)'s order setting aside the final assessments and restored relief to the assessee. Highlights Income Tax Fri, 10 Oct 2025 08:44:07 +0530 https://www.taxtmi.com/highlights?id=93221