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2018 (12) TMI 1074 - AT - Income TaxValidity of initiation of proceedings u/s 153C - addition u/s 69D - no record of satisfaction note issued by the AO - Held that:- As the revenue authorities have failed to place on record the satisfaction note issued by the Assessing Officer of the searched person in favour of the Assessing Officer having jurisdiction of the other person i.e. the assessee in this case, the proceedings initiated u/s 153C of the Act for Assessment Year 2008-09 and 2009-10 in the case of the assessee needs to be quashed. We accordingly allow this common legal issue in the favour of the assessee challenging the validity of initiation of assessment proceedings u/s 153C of the Act. - Decided in favour of assessee.
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