Section 153C Assessment invalid if satisfaction note was not recorded

Sanjay Thakur Vs DCIT (ITAT Delhi)

It is not in dispute that a search was conducted in the bank premises of HDFC Bank, Ambedkar Road, Ghaziabad, in the case of Bank A/c No.xxx2277 of M/s. A.K Traders. No incriminating material was found during the course of search against the assessee. The satisfaction note have been recorded in the case of assessee on 18.09.2012 under Please become a Premium member. If you are already a Premium member, login here to access the full content.