Satisfaction note is Mandatory Requirement in case of Searched Person before Acquiring Jurisdiction u/s 153C of Income Tax Act: ITAT [Read Order]

Satisfaction Mandatory Requirement in case of Searched Person Acquiring Jurisdiction - Income Tax Act - ITAT - TAXSCAN

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that the satisfaction note has been a mandatory requirement in case of a searched person before acquiring jurisdiction under Section 153C of the Income Tax Act 1961. The assessee,L. Ammini was a resident individual engaged in business under proprietorship concern by the name Jayakumar…

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