https://www.taxtmi.com/caselaws?id=783977 The dominant issue was whether assessments framed under s.153C were valid when the AO issuing the notice and framing the assessment did not record the requisite satisfaction note. The Tribunal held that although jurisdiction had been transferred under s.127 and a satisfaction was recorded by the AO of the searched person, the seized material and satisfaction were earlier handed over to a different jurisdictional AO of the other person, and the AO who ultimately framed the s.153C assessments did so without recording satisfaction as mandated by law; applying the HC ratio in Shaksham Commodity Ltd., the s.153C assessment orders were quashed. en-us Tue, 23 Dec 2025 00:00:00 +0530 Fri, 26 Dec 2025 07:18:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783977 The dominant issue was whether assessments framed under s.153C were valid when the AO issuing the notice and framing the assessment did not record the requisite satisfaction note. The Tribunal held that although jurisdiction had been transferred under s.127 and a satisfaction was recorded by the AO of the searched person, the seized material and satisfaction were earlier handed over to a different jurisdictional AO of the other person, and the AO who ultimately framed the s.153C assessments did so without recording satisfaction as mandated by law; applying the HC ratio in Shaksham Commodity Ltd., the s.153C assessment orders were quashed. Case-Laws Income Tax Tue, 23 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783977