Section 153C Order Invalid Without Proper Satisfaction

Emm Kay Electricals Vs ACIT (ITAT Amritsar) 153C Order Cannot Stand Without Proper Satisfaction: ITAT Amritsar Remands Legal Issue The Amritsar Bench of the ITAT allowed the assessee’s appeal for AY 2011-12 for statistical purposes, holding that the CIT(A) failed to adjudicate a vital legal ground challenging the validity of proceedings under section 153C for want of proper satisfaction recording. In this case, search under section 132 was conducted on sister concerns, and proceedings against the assessee were initiated under section 153C. The assessee specifically contended that the mandato...