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2015 (4) TMI 82 - AT - Income TaxBlock assessment - Assessment u/s 158BD r.w.s. 158BC - addition on unexplained expenditure u/s 69C - bsence of satisfaction note - Held that:- In the present case, it is clear that the satisfaction Note has not been supplied to the assessee, as deduced by the CIT(A). Therefore, following the parity of reasoning laid down by the Hon’ble Delhi High Court in the case of Janki Exports International (2004 (3) TMI 21 - DELHI High Court ), we set-aside the impugned orders of the lower authorities and restore the matter back to the file of the Assessing Officer who shall supply the reasons recorded for arriving at the satisfaction for invoking section 158D of the Act to the assessee. On receipt of such reasons, assessee shall be entitled to file objections which shall be disposed-off by the Assessing Officer by way of a speaking order and only thereafter he shall proceed to pass a fresh assessment in accordance with law. - Decided in favour of assessee for statistical purposes
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