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2016 (7) TMI 851 - AT - Income TaxAssessment u/s 153C - Disallowance made by the AO u/s 37 - Held that:- No satisfaction was drawn by the AO before issuing the notice u/s 153C of the Act while making the assessment of the searched Sh. Jatinder Pal Singh, Director of the assessee company and the ld. CIT(A) had given a categorical finding that no satisfaction note was found on record of Sh. Jatinder Pal Singh, however, satisfaction note was drawn in the case of the assessee in its assessment record. Therefore, the notice issued u/s 153C of the Act, in the present case was bed-in-law and the assessment framed on the basis of invalid notice was not maintainable.- Decided in favour of assessee.
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