No Satisfaction Recorded, Section 153C Cannot Be Invoked: Calcutta HC

Shiv Kumar Saraf Vs Principal Chief Commissioner of Income Tax (Calcutta High Court) The Calcutta High Court examined a writ petition challenging an assessment order for the assessment year 2019-20. This was the second writ litigation initiated by the petitioner. The first writ petition, WPO 168 of 2024, assailed an assessment order dated February 1, 2024, issued under Sections 147 and 144B of the Income Tax Act, 1961, on the ground of violation of principles of natural justice. The High Court set aside that order on March 22, 2024, and remanded the matter to the Assessing Officer (AO) to pass...