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2016 (6) TMI 49 - AT - Income TaxValidity of the proceedings initiated under section 158BD - Held that:- Assessing Officer of the UIC group was to record the satisfaction before initiating the proceeding under section 115BD of the Act. But, in the instant case, the Assessing Officer having the jurisdiction over the assessee has recorded the satisfaction which is incorrect as per law. Taking the consistent views in the decisions of the hon'ble Supreme Court in the case of Manish Maheshwari (2007 (2) TMI 148 - SUPREME COURT OF INDIA ) and the judgment of the hon'ble Gujarat High Court in the case of Champakbhai Mohanbhai Patel (2014 (2) TMI 1168 - GUJARAT HIGH COURT ) we reverse the orders of the authorities below and this ground of the assessee's appeal is allowed.
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