https://www.taxtmi.com/caselaws?id=795939 Recording a satisfaction note is described as mandatory before issuing a notice under Section 153C. The note discusses the requirement, drawn from the Calcutta Knitwears principle and Circular No. 24/2015, that satisfaction be recorded within the immediate period contemplated by that framework. It reports that notices for the relevant assessment year were quashed by the High Court because the satisfaction note was recorded after 22 months, and that the Supreme Court declined to interfere with that order by dismissing the special leave petition. 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 described as mandatory before issuing a notice under Section 153C. The note discusses the requirement, drawn from the Calcutta Knitwears principle and Circular No. 24/2015, that satisfaction be recorded within the immediate period contemplated by that framework. It reports that notices for the relevant assessment year were quashed by the High Court because the satisfaction note was recorded after 22 months, and that the Supreme Court declined to interfere with that order by dismissing the special leave petition. Case-Laws Income Tax Mon, 27 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795939