Satisfaction Note Without Link to Income Held Invalid: ITAT Cancels Section 153C Proceedings

Sharpi Agarwal Vs DCIT (ITAT Delhi) ITAT Quashes Section 153C Assessment Due to Defective Satisfaction Note; ITAT Holds Proper Satisfaction Mandatory for Section 153C Action, Quashes Assessments; Section 153C Proceedings Invalid as Satisfaction Note Lacked Mandatory Findings; ITAT Rejects Revenue Stand on Technical Defect, Quashes 153C Assessments for Improper Satisfaction. The Income Tax Appellate Tribunal (ITAT), Delhi Bench, decided a batch of appeals relating to Assessment Years 2017-18, 2018-19, and 2019-20 involving challenges to assessments initiated under Section 153C of the Income Tax...