https://www.taxtmi.com/caselaws?id=788591 For proceedings under section 153C of the Income-tax Act, satisfaction must be recorded separately for each assessment year because jurisdiction is assessment-year specific. A consolidated satisfaction note covering multiple years does not satisfy that requirement and is fatal to the assumption of jurisdiction. On that basis, the Tribunal treated the combined satisfaction exercise as contrary to law and held that the resulting section 153C proceedings and consequential assessment could not stand. en-us Mon, 23 Mar 2026 00:00:00 +0530 Wed, 25 Mar 2026 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788591 For proceedings under section 153C of the Income-tax Act, satisfaction must be recorded separately for each assessment year because jurisdiction is assessment-year specific. A consolidated satisfaction note covering multiple years does not satisfy that requirement and is fatal to the assumption of jurisdiction. On that basis, the Tribunal treated the combined satisfaction exercise as contrary to law and held that the resulting section 153C proceedings and consequential assessment could not stand. Case-Laws Income Tax Mon, 23 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788591