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 party was absent. Before the Tribunal, the assessee challenged the order of CIT(A) upholding the validity of assessment under Section 153C of the […]

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