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For the purpose of Section 158BD a satisfaction note is sine qua non -SC
Case Law Details
- Case Name
- CIT Vs Calcutta Knitwears (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
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CA Sandeep Kanoi
Honourable SC has held in the case of CIT vs. Calcutta Knitwears that for the purpose of Section 158BD of the Act a satisfaction note is sine qua non and must be prepared by the assessing officer before he transmits the records to the other assessing officer who has jurisdiction over such other person. The satisfaction note could be prepared at either of the following stages: (a) at the time of or along with the initiation of proceedings against the searched person under Section 1 58BC of the Act; (b) along with the assessment proceedings under Section 158BC of the ...
