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Assessments Quashed for Invalid Section 153C Satisfaction Note
Case Law Details
- Case Name
- Sh. Ram Ready Mix Concrete Pvt. Ltd. Vs DCIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Delhi
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Sh. Ram Ready Mix Concrete Pvt. Ltd. Vs DCIT (ITAT Delhi)
Invalid Section 153C Satisfaction Note Renders Search Assessments Void: ITAT Delhi Quashes Assessments of Ready-Mix & Cement Firms
The Delhi Bench of the ITAT allowed seven appeals filed by Shri Ram Ready Mix Concrete Pvt. Ltd. and Kamdhenu Cement, quashing assessments framed under section 153C read with section 143(3) for AYs 2018-19 to 2022-23. The Tribunal held that the very foundation of the proceedings—the satisfaction note recorded by the Assessing Officer of the searched person—was legally defective and failed to meet the...
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