https://www.taxtmi.com/caselaws?id=795939 Recording a satisfaction note is mandatory before issuing a notice under section 153C. The High Court quashed notices for the relevant assessment year because the requisite satisfaction was recorded after a 22-month delay rather than within the immediate period required under the Calcutta Knitwears principle and Circular No. 24/2015. The Supreme Court found no ground to interfere with that determination and dismissed the special leave petition, leaving the quashing of the section 153C notices in force. en-us Mon, 27 Jul 2026 00:00:00 +0530 Wed, 29 Jul 2026 08:21:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795939 Recording a satisfaction note is mandatory before issuing a notice under section 153C. The High Court quashed notices for the relevant assessment year because the requisite satisfaction was recorded after a 22-month delay rather than within the immediate period required under the Calcutta Knitwears principle and Circular No. 24/2015. The Supreme Court found no ground to interfere with that determination and dismissed the special leave petition, leaving the quashing of the section 153C notices in force. Case-Laws Income Tax Mon, 27 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795939