This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Section 153C Assessment invalid if satisfaction note was not recorded
Case Law Details
- Case Name
- Shri Sanjay Thakur Vs DCIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All ITAT, ITAT Delhi
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Sanjay Thakur Vs DCIT (ITAT Delhi)
It is not in dispute that a search was conducted in the bank premises of HDFC Bank, Ambedkar Road, Ghaziabad, in the case of Bank A/c No.xxx2277 of M/s. A.K Traders. No incriminating material was found during the course of search against the assessee. The satisfaction note have been recorded in the case of assessee on 18.09.2012 under section 153C of the I.T. Act for A.Ys. 2005-2006 to 2010-2011. Assessment Year under appeal 2011-2012 was considered to be the year of the search. However, the 1st proviso to Section 153C of the I.T. Act provide...
Author Info
