Validity of assessment made under Section 143(1) instead of ...

Assessment Invalid: Lack of Compliance with Section 153C Requirements for Notice and Satisfaction Recording by AO.

January 21, 2022

Case Laws Income Tax AT

Validity of assessment made under Section 143(1) instead of section 153C - In the facts of the present appeal, undisputedly, the books of account/documents/assets found during the search and seizure operation were received by the AO having jurisdiction over the assessee - Neither the AO has recorded any satisfaction nor issued any notice as contemplated under section 153C - The impugned assessment order passed under section 143(3) of the Act is invalid. - AT

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Validity of assessment made under Section 143(1) instead of ...

Assessment Invalid: Lack of Compliance with Section 153C Requirements for Notice and Satisfaction Recording by AO.

January 21, 2022

Case Laws Income Tax AT

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