Single Satisfaction Note Sufficient u/s 153C When Same Assessing Officer Handles Both Searched Person and Other Party: Madras HC [Read Order]
Recognizing that Section 153C does not require separate satisfaction notes to be recorded when the same Assessing Officer is responsible, the Madras HC dismissed the petition
By Kavi Priya - On September 17, 2024 7:45 pm - 2 mins read
In a recent ruling, the Madras High Court ruled that a single satisfaction note was sufficient under Section 153C of the Income Tax Act, 1961, when the same assessing officer handles both searched persons and other persons. The Income Tax Department initiated proceedings under Section 153C of the Income Tax Act, 1961, declaring that the…
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