Transfer of file u/s.158BD without recording of satisfaction makes s.158BC assessment invalid

HIGH COURT OF KERALA CIT v/s. DR. T.M. Kuriachan IT APPEAL NO. 12 OF 2011 MARCH 5, 2012 JUDGMENT C.N. Ramachandran Nair, J  The short question raised in the appeal filed by the Revenue is whether the Tribunal was justified in holding that in order to transfer a file by an Assessing Officer to another Assessing Officer to assess an assessee based on information gathered in search conducted on the premises of another assessee, the Officer transferring the file should record his satisfaction about the undisclosed income to be assessed at the hands of other assessee under Sect...