Case Law Analysis
|Income Tax Appellate Tribunal
Section 153C IT Act | Consolidated Satisfaction Note for Multiple AYs Vitiates Assessment Jurisdiction : ITAT Delhi
ITAT Delhi rules that a single satisfaction note covering multiple assessment years under Section 153C of the Income Tax Act is legally defective, nullifying the assessment. The ruling reinforces strict procedural compliance for search and seizure assessments, impacting taxpayers and tax authorities alike.