ITAT Quashes Section 153C Proceedings as Satisfaction Note Missed Mandatory Finding

Advertisement Aditi Infrabuild & Services Ltd. Vs DCIT (ITAT Delhi) The appeal before the Income Tax Appellate Tribunal (ITAT), Delhi, arose from the order of the Commissioner of Income Tax (Appeals)-30 dated 16 December 2023 for the assessment year 2019-20. The assessment had been completed under Section 153C read with Section 143(3) of the Income-tax Act following a search conducted on Sanjay Jain & Mehta Group on 26 October 2020. During the search, two sets of Tally data were seized from the premises of Sanjay Jain. Based on the information received from the Assessing Officer of ...