https://www.taxtmi.com/caselaws?id=793694 An assessment under section 153C was held invalid because the satisfaction note was not recorded at the statutorily permissible stage; the delay after completion of the searched person's assessment exceeded the timeframe recognised in binding precedent and CBDT instructions. The jurisdiction to proceed under section 153C therefore failed. Once the assessment was void, the penalty orders founded on that assessment could not survive independently and were also unsustainable. en-us Fri, 15 May 2026 00:00:00 +0530 Mon, 22 Jun 2026 08:39:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793694 An assessment under section 153C was held invalid because the satisfaction note was not recorded at the statutorily permissible stage; the delay after completion of the searched person's assessment exceeded the timeframe recognised in binding precedent and CBDT instructions. The jurisdiction to proceed under section 153C therefore failed. Once the assessment was void, the penalty orders founded on that assessment could not survive independently and were also unsustainable. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793694