TMI Blog2015 (9) TMI 1622X X X X Extracts X X X X X X X X Extracts X X X X ..... ders of the authorities below and quash the proceedings initiated under section 153C. Resultantly, the addition made by the A.O. stands deleted. - ITA. No. 5094/Del/2015 - - - Dated:- 4-9-2015 - SHRI BHAVNESH SAINI, JUDICIAL MEMBER AND SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER For The Assessee : Shri Amit Goyal, C.A. For The Revenue : Shri A.K. Yadav, Sr. D.R. ORDER ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n note for invoking Section 153C of the I.T. Act, 1961 was recorded on 26.11.2013 and notice under section 153C was issued to the assessee on the same day. A.O. after consideration explanation of assessee, computed the income of assessee vide assessment order dated 25.03.2014. 3. The assessee challenged the initiation of proceedings under section 153C of the I.T. Act and addition of ₹ 9,1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4.18. In the background of the aforesaid discussions and respectfully following the precedents, as aforesaid, we quash the proceeding initiated under section 153C of the Act on the ground that satisfaction note was not recorded by the Assessing Officer in the capacity of Assessing Officer of searched person and in any case since there is no satisfaction recorded of any seized documents being bel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the view that the issue is covered in favour of the assessee by the above Order for subsequent A.Ys. 2009-2010 to 2011-2012. Following the same, we set aside the orders of the authorities below and quash the proceedings initiated under section 153C of the I.T. Act. Resultantly, the addition made by the A.O. stands deleted. 7. In the result, appeal of the Assessee is allowed. Order pronou ..... X X X X Extracts X X X X X X X X Extracts X X X X
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