![Satisfaction to be Recorded by the AO before issue of 153C Notice: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/AO-Notice-ITAT-taxscan.jpg "Satisfaction to be Recorded by the AO before issue of 153C Notice: ITAT [Read Order]")
Satisfaction to be Recorded by the AO before issue of 153C Notice: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Visakhapatnam Bench, has recently in the appeals filed before it by an Assessee, held that satisfaction...
![No Income Tax Addition U/S 153A and 153C If No Incriminating Material is found during course of Search: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/section-153A-section-153C-incriminating-material-Delhi-High-Court-Taxscan.jpg "No Income Tax Addition U/S 153A and 153C If No Incriminating Material is found during course of Search: Delhi HC [Read Order]")
![Delhi HC stays Assessment Order passed under Section 153C of the Income Tax Act as revenue failed to furnish evidence Linking Assessee and Other person [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Delhi-HC-assessment-order-Section-153C-of-the-Income-Tax-Act-linking-assessee-Taxscan.jpg "Delhi HC stays Assessment Order passed under Section 153C of the Income Tax Act as revenue failed to furnish evidence Linking Assessee and Other person [Read Order]")
![Satisfaction Note by AO that Documents belong to Other Person is enough to proceed against such Person u/s 153C: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/02/Anti-Profiteering-Measure-Supreme-Court-Taxscan.jpg "Satisfaction Note by AO that Documents belong to Other Person is enough to proceed against such Person u/s 153C: SC [Read Judgment]")
![No Need of Two Separate Satisfaction Notes If AO of the Searched Person and the Other Person is Same: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/07/Nuns-Supreme-Court-Taxscan.jpg "No Need of Two Separate Satisfaction Notes If AO of the Searched Person and the Other Person is Same: SC [Read Judgment]")
Block Assessment is Invalid in the absence of Satisfaction recorded by AO of Searched Party: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai, while quashing a block assessment, held that the same with not sustainable in law as the satisfaction note of the Assessing Officer of the searched...
![Block Assessment is Invalid in the absence of Satisfaction recorded by AO of Searched Party: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Assessment-Taxscan.jpg "Block Assessment is Invalid in the absence of Satisfaction recorded by AO of Searched Party: ITAT [Read Order]")
No Separate Search Warrant required to Brothers who are Involved in Common Business: Delhi HC upholds Addition [Read Judgment]
In the Case, Vinod Kumar Gupta vs Deputy Commissioner of Income Tax, Delhi High Court recently ruled that no separate search warrant is required to brothers who are involved in common business and...
![No Separate Search Warrant required to Brothers who are Involved in Common Business: Delhi HC upholds Addition [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/Search-Warrant-Taxscan.jpg "No Separate Search Warrant required to Brothers who are Involved in Common Business: Delhi HC upholds Addition [Read Judgment]")
Assessment u/s 153C is without Jurisdiction When Documents Seized is not belonged to the Assessee: ITAT [Read Order]
While dismissing the appeal filed by the revenue the Delhi bench of Income Tax Appellate Tribunal (ITAT) recently held that assessment under Section 153C of the Income Tax Act without jurisdiction...
Document Furnished by Assessee found in Possession of someone else is not ‘belongs to the assessee’ for purpose of Assessment u/s 153C: Delhi HC
A division bench of the Delhi High Court in the case Canyon Financial Services Ltd v. ITO held that the documents furnished by the assessee found in possession of someone else cannot be treated as...
Assessment u/s 153C cannot be invalidated for want of satisfaction of AO when AO of both the Assessee and the Searched Person is same: Delhi HC [Read Judgment]
In Pr. CIT v. Sheetal International Pvt. Ltd, a division bench of the Delhi High Court held that assessment under section 153C of the Income Tax Act cannot be quashed merely  on ground that AO of the...
![Assessment u/s 153C cannot be invalidated for want of satisfaction of AO when AO of both the Assessee and the Searched Person is same: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/Re-Assessment-Taxscan.jpg "Assessment u/s 153C cannot be invalidated for want of satisfaction of AO when AO of both the Assessee and the Searched Person is same: Delhi HC [Read Judgment]")
Non-Enclosure of Audit Report to Return of Income would not attract Penalty: ITAT Hyderabad [Read Order]
In a recent ruling, the Hyderabad ITAT ruled that non- enclosure of audit report to the return of income would not attract penalty under section 271B of the Income Tax Act. During the course of...
![Non-Enclosure of Audit Report to Return of Income would not attract Penalty: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Audit-Tax-Scan.jpg "Non-Enclosure of Audit Report to Return of Income would not attract Penalty: ITAT Hyderabad [Read Order]")
Block Assessment based on Statement of an Employee of Assessee u/s 133A alone is invalid in absence of Any other ‘incriminating material’: Delhi HC [Read Judgment]
In a significant ruling, the division bench of the Delhi High Court held that Block Assessment under Section 153C of the Income Tax Act is not sustainable if it was made on the basis of Statement of...