{"id":56920,"date":"2025-09-26T13:19:06","date_gmt":"2025-09-26T07:49:06","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-srm-systems-and-software-pvt-ltd-2025-475-itr-387-171-taxmann-com-764-mad-hc\/"},"modified":"2026-02-11T06:43:06","modified_gmt":"2026-02-11T01:13:06","slug":"cit-v-srm-systems-and-software-pvt-ltd-2025-475-itr-387-171-taxmann-com-764-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-srm-systems-and-software-pvt-ltd-2025-475-itr-387-171-taxmann-com-764-mad-hc\/","title":{"rendered":"CIT v. SRM Systems and Software Pvt. Ltd., (2025) 475 ITR 387 \/ 171 taxmann.com 764 \/344 CTR  260 \/ 248 DTR  458     (Mad.)(HC)."},"content":{"rendered":"<p><strong>\u00a0<\/strong><\/p>\n<p>Following search and seizure at the chairman\u2019s premises, notices under s. 153C were issued for block years 1999\u20132000 to 2004\u20132005 and the search year 2005\u201306. The AO made additions after considering the assessee\u2019s return; on appeal many matters were remitted, and on remand the AO reconfirmed earlier additions. The Tribunal, accepting the assessee\u2019s additional ground, found that there was no satisfaction note on record indicating reason to believe that incriminating documents pertained to the other person (the assessee). The High Court held that a satisfaction note specific to the other person is a sine qua non before invoking s. 153C, and even where the AO for the searched person and the other person is the same, a separate satisfaction must be recorded; CBDT Circular No. 24\/2015 dated 31\u201112\u20112015(2016) 380 ITR 32 (St)\u00a0 \u00a0supports withdrawal of litigation that does not meet Supreme Court guidelines. Accordingly, proceedings under S. \u00a0153C were vitiated for want of a proper satisfaction note and the appellate orders upholding that view were affirmed.(AY. 1999-2000 to 2005-06)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 153C: Assessment-Income of any other person-Search-Block assessment-Satisfaction note of searched person not indicating anything against third party assessee-CBDT circular binding on assessing authority-Assessment orders and notices invalid for absence of satisfaction. [S. 132, 158BD, 260A]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-56920","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-eO4","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/56920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=56920"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/56920\/revisions"}],"predecessor-version":[{"id":58445,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/56920\/revisions\/58445"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=56920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=56920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=56920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}