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2018 (3) TMI 1512 - AT - Income TaxAssessment u/s 153C - non satisfaction recorded by AO - Held that:- We are of the view that the satisfaction in the case is not recorded by the AO of the searched party, which is a pre-condition for invoking jurisdiction u/s 153C of the Act and hence, the assessment framed u/s 153C read with Section u/s 143(3) of the Act is bad in law and hence, quashed. The jurisdictional issue of the assessee’s cross objection is allowed.
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