Notice u/s 153C invalid if no satisfaction been recorded by Assessing Officer

Brief of the case ITAT Ahmedabad In the  case of M/s Shiv Associates v DCIT quashed the notice u/s 153C relying on the Judgment of the similar case related to the assessee in which the notices u/s 153C were quashed as no satisfaction was recorded by the AO. Facts of the case Assessee is a partnership firm stated to be engaged in construction business. A search action u/s. 132 of the Act was conducted and a Laptop was found and seized in which Rameshbhai Shah had maintained books of accounts in respect of 65 entities including that of Assessee. Accordingly, proceedings u/s. 153C were initiated...