https://www.taxtmi.com/caselaws?id=792269 Assessment under Section 153C was invalid where jurisdiction was assumed on the basis of a single consolidated satisfaction note covering multiple assessment years without year-wise independent satisfaction. Applying its earlier view and the prevailing requirement that satisfaction must relate to the relevant assessment year and justify action for that year, the Tribunal treated the consolidated note as defective and fatal to jurisdiction. The assessment framed under Section 153C was therefore quashed in favour of the assessee. en-us Thu, 30 Apr 2026 00:00:00 +0530 Tue, 26 May 2026 08:24:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792269 Assessment under Section 153C was invalid where jurisdiction was assumed on the basis of a single consolidated satisfaction note covering multiple assessment years without year-wise independent satisfaction. Applying its earlier view and the prevailing requirement that satisfaction must relate to the relevant assessment year and justify action for that year, the Tribunal treated the consolidated note as defective and fatal to jurisdiction. The assessment framed under Section 153C was therefore quashed in favour of the assessee. Case-Laws Income Tax Thu, 30 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792269