Held that the satisfaction drawn by the AO there is no reference to any other material. Satisfaction note is mandatory. On the facts the satisfaction note is without application of mind. The assessment order is bad in law. (AY. 2008-09 to 2010-11)
K.K. Leissure Tourism International (P) Ltd. v DCIT (2024) 228 TTJ 502 / 235 DTR 241 / 38 NYPTTJ 207 (Cochin)(Trib)
S. 153D : Assessment-Search-Approval-Recording of satisfaction-Satisfaction note does not specify the seized material-Non application of mind-Assessment order is bad in law.[S. 132, 153C]
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