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2018 (10) TMI 238 - AT - Income TaxValidity of assessment under section 153C - No proper satisfaction has been recorded by the AO of the searched person of Shri Gangadhar Shetty or its group cases - Held that:- 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. Since, we have already adjudicated the jurisdictional issue of assessee’s CO by quashing the Block Assessment; we need not to go into the merits of the case raised in Revenue’s appeal.
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