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2020 (2) TMI 268 - HC - Income TaxBlock assessment passed u/s 158BC - Absence of mandatory requirement of recording of satisfaction - AO not even recorded any material found during the search showing the undisclosed income of the assessee - HELD THAT:- CBDT had recently issued a Circular No.24/2015 dated 31.12.2015, according to which, where satisfaction is not recorded by the competent authority then appeals against such orders of Tribunal granting relief to the Assessee has to be withdrawn by the Revenue Department. In view of the aforesaid Circular, Mr.T.R.Senthil Kumar does not want to press the appeals on merits and seeks leave of this Court to withdraw the same. Mr.Venkat Narayanan, learned counsel for the Respondent/Assessee has not opposed the same. Accordingly, the appeals are dismissed as withdrawn.
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