2014 (12) TMI 1188 - HC - Income Tax

Initiation of proceedings under Section 153-C - ITAT setting aside the initiation on the ground that no written satisfaction note was recorded by the Assessing Officer of the persons searched - Held that - We note that the present case relates to the period prior to the amendment made to Section 153-C by Finance (No.2) Act, 2014 with effect from 1st October, 2014. Filing of printed paper book is dispensed with. However, liberty is granted to the parties to file documents/papers which were filed before the authorities/Tribunal as per the Delhi High Court Rules. To be shown in the Regular List (Part-A) in the week commencing 23rd March, 2015.

Summary

The Delhi High Court admitted the case and framed substantial questions of law regarding the initiation of proceedings under Section 153-C of the Income Tax Act, 1961. The Court noted that the case pertained to the period before the 2014 amendment to Section 153-C. The filing of a printed paper book was dispensed with, but parties were granted liberty to file necessary documents. The case was scheduled to be listed in the Regular List in March 2015.