Allowing the appeal the Tribunal held that neither in the covering letter nor during the course of hearing, the Revenue has been able to produce the satisfaction note. Accordingly the order was quashed. Followed CIT v. Calcutta Knitwears (2014) 267 CTR 105 (101 DTR 217 (SC). (BP 21-5-1991 to 25-9-1995)
Sharda Dwellings (P) Ltd. v. ACIT (2022) 219 TTJ 57 (UO) (Indore) (Trib)
S. 158BD : Block assessment-Undisclosed income of any other person-Recording of satisfaction is mandatory-Assessment order was quashed [S. 158BC]