TMI Blog2020 (8) TMI 73X X X X Extracts X X X X X X X X Extracts X X X X ..... the said circular, it has been stated that the guidelines of the Hon'ble Supreme Court in the case of M/s.Calcutta Knitwears [2014 (4) TMI 33 - SUPREME COURT] with regard to recording any satisfaction note were brought to the notice of all for strict compliance and it has been clarified that even if the AO of the searched person and the 'other person' is one and the same, then also, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . We have heard Mr.T.R.Senthilkumar, learned Senior Standing Counsel, assisted by Ms.K.G.Usharani, learned Standing Counsel appearing for the appellant Revenue and Mr.G.Baskar, learned counsel appearing for the respondent. 2. This appeal, filed by the Revenue under Section 260A of the Income Tax Act, 1961 (for short, the Act) is directed against the order dated 02.3.2012 made in IT(SS)A. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng notice under Section 158BD and the Assessing Officer has initiated the proceedings within the reasonable time ? 4. This appeal cannot be pursued by the Revenue in the light of the Board's circular in Circular No.24/2015 dated 31.12.2015. In the said circular, it has been stated that the guidelines of the Hon'ble Supreme Court in the case of M/s.Calcutta Knitwears [Civil Appeal No ..... X X X X Extracts X X X X X X X X Extracts X X X X
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