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2016 (11) TMI 530 - AT - Income TaxValidity of assessment u/s 153C - absence of satisfaction - Held that:- No satisfaction was recorded by the AO in his capacity as AO of the searched person because it is seen that the so-called satisfaction note prepared by the AO is in his capacity as AO of assessee, although he happens to be the AO of the searched persons also, it could not be shown by the revenue that any satisfaction note was prepared by him as AO of searched persons and therefore, under these facts, this is to be accepted that no satisfaction was recorded by the AO of searched person and therefore we hold that in the present case, notice issued by the AO u/s. 153C of the I.T. Act deserves to be quashed and accordingly, we quash these assessment orders framed by the AO u/s. 153C r.w.s. 143(3) of the I.T. Act. - Decided in favour of assessee
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