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2018 (1) TMI 322 - AT - Income TaxAssessment u/s 153C - no satisfaction recorded in the case of the searched person - Held that:- In the present case, it is undisputed that there is not satisfaction recorded in the case of the searched person, i.e., Shri Subhash Deshmukh that the incriminating materials seized belong to the assessee. The ld. Departmental Representative has also not disputed this proposition. Hence, though the satisfaction is there in the case of assessee, i.e., there is no such satisfaction in the case of searched person that the incriminating material belongs to the assessee. In this situation, the assessment order has been held to be invalid - Decided in favour of assessee.
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