Section 153C notice without recording Satisfaction Note is unjustified

ACIT Vs Rangoli Buildtech (P) Ltd. (ITAT Delhi)

The issue under consideration is whether the issuing notice u/s 153C to the person other than person against whom search is initiated, but without submitting satisfaction note is justified in law?

ITAT states that, during the course of search action under section 132 of the Act in the case of Amtek Group, certain documents belonging to the assessee i.e., M/s Rangoli Buildtech Pvt. Ltd. were found and seized from the premises

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