Recording of consolidated satisfaction note u/s. 153C for different assessment years is bad-in-law

Rajendra Rameshlal Gugale Vs PCIT (ITAT Pune) ITAT Pune held that satisfaction note is required to be recorded u/s.153C for each assessment year, thus, recording of consolidated satisfaction note for different assessment years (AY) would vitiate the entire assessment proceedings. Accordingly, the order is liable to be quashed. Facts- The assessee is an individual and engaged in the business of land development and real estate He filed his return of income on 28.07.2017 declaring total income of Rs.8,08,880/-. A search action u/s.132 of the Act was conducted in Yuvraj Dhamale Group of cases on ...