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2016 (11) TMI 1241 - AT - Income TaxAssessment u/s 153C - Held that:- In the absence of any satisfaction recorded by the Assessing Officer of the searched person before initiating proceedings under section 153C of the Act against the assessee i.e. before handing over the documents relating to the assessee and starting the proceedings under section 153C of the Act, the assessment proceedings completed against the assessee under section 153C of the Act are invalid, hence, the same are held so. Accordingly, the assessment order passed under section 143(3) r.w.s. 153C of the Act does not stand and the same is annulled. - Decided in favour of assessee.
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