Dismissing the appeal of the Revenue the Court held that recording of satisfaction note is pre-requisite and same must be prepared by Assessing Officer before he transmits record to other Assessing Officer who has jurisdiction over such other person under section 153C. (AY. 2011-12)
PCIT v. G. Lakshmi Aruna (Smt.) (2023) 333 CTR 257/225 DTR 417/150 taxmann.com 107 (Karn)(HC)/Editorial : SLP of Revenue is dimissed , PCIT v. G. Lakshmi Aruna (Smt) (2024) 297 Taxman 396 (SC)
S. 153C : Assessment-Income of any other person-Search-Recording of satisfaction is mandatory-No satisfaction is recorded-Order of the Tribunal quashing the order is affirmed.[S. 132, 153A, 153D]