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2016 (8) TMI 1329 - AT - Income TaxValidity of assessment u/s 153C - non recording of the satisfaction - Held that:- The first and foremost step for initiation of proceedings u/s 153C i.e., the recording of the satisfaction by the Assessing Officer of the person searched is missing, the proceedings. Thus the initiation of the proceedings u/s 153C in the assessee’s case are held to be invalid and accordingly the assessment framed, thereafter u/s 153C of the Act is quashed. See Bhawna Bhalla case [2016 (6) TMI 30 - ITAT DELHI] - Decided in favour of assessee
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