Block Assessment invalid if no Satisfaction recorded by AO of Searched Party

DCIT Vs. Salasar Dwellers Pvt. Ltd. (ITAT Mumbai)

Satisfaction in the case is not recorded by the AO of the searched party, which is a pre-condition for invoking jurisdiction u/s 153C of the Act and hence, the assessment framed u/s 153C read with Section u/s 143(3) of the Act is bad in law.

FULL TEXT OF THE ITAT JUDGMENT

Out of these two, one appeal filed by the Revenue and the Cross Objection by the assessee are arising out of the order of Commissione

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