Assessment U/s. 153C invalid if AO fails to records satisfaction note of searched person

Shri Sushil Golecha Vs ACIT (ITAT Indore)

Conclusion: Initiation of assessment proceedings under section 153C in case of other person, i.e., assessee without  issuing proper satisfaction note by AO of the searched person in favour of AO having jurisdiction of such other person, the proceedings initiated u/s 153C  was void-ab-initio.

Held:

Due to search conducted in case of certain group, AO  initiated proceedings under section 153C in case of ot

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