https://www.taxtmi.com/caselaws?id=782003 ITAT Delhi quashed assessment proceedings initiated u/s 153C against the assessee. It held that reliance on a photocopy of an agreement to sell, without production of the original, lacked evidentiary value, following binding precedent of the Delhi HC. Further, the AO had recorded a consolidated satisfaction note for multiple assessment years, instead of separate satisfaction notes for each year as mandated by law and affirmed by SC. Due to these legal defects, both the initiation of proceedings u/s 153C and the resultant assessments were held bad in law and annulled. en-us Wed, 23 Jul 2025 00:00:00 +0530 Mon, 24 Nov 2025 08:57:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782003 ITAT Delhi quashed assessment proceedings initiated u/s 153C against the assessee. It held that reliance on a photocopy of an agreement to sell, without production of the original, lacked evidentiary value, following binding precedent of the Delhi HC. Further, the AO had recorded a consolidated satisfaction note for multiple assessment years, instead of separate satisfaction notes for each year as mandated by law and affirmed by SC. Due to these legal defects, both the initiation of proceedings u/s 153C and the resultant assessments were held bad in law and annulled. Case-Laws Income Tax Wed, 23 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782003