Notice issued u/s 153C without valid satisfaction notice is bad-in-law

Macro Properties Pvt Ltd Vs DCIT (ITAT Jaipur)

ITAT Jaipur held that in absence of a valid satisfaction note the notice issued under Section 153C of the Income Tax Act 1961 is bad in law. Resultantly the assessment order passed u/s 143(3) r.w.s. 153C of the Act is void ab initio and liable to be quashed.

Facts- A search and seizure action and survey action was carried out by the Income Tax Department on the members of Krian Fine Jewellers Group on which the Assessee is one

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