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 of the members. It was noticed that books of accounts or documents found and seized during the search belonged to a person...