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2015 (12) TMI 1115 - AT - Income TaxValidity of assessment u/s 153C - Held that:- No satisfaction has been recorded in the case of searched person and the satisfaction, if any, recorded in the case of other person will not cure the defect because it is necessary that the satisfaction must be recorded by the AO of the searched person and thereafter the documents are to be handed over to the AO of other person and this position will not alter even if the AO for the searched person and the other person i.e. the assessee is the same. Thus we quash the assessment framed by the AO. As the assessment itself is quashed, no findings have been given on other issues raised by the assessee on merit. - Decided in favour of assessee
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