Allowing the appeals, that the Central Board of Direct Taxes by Circular No. 24 of 2015 dated December 31, 2015 had issued directions with regard to recording of satisfaction under S.\u00a0153C\u00a0of the Act and clarified that even if the Assessing Officer of the person in respect of whom the search was conducted and the other person was one and the same, he was required to record his satisfaction. Therefore, the provisions of law had to be complied with for initiating the proceedings under S.\u00a0153C\u00a0\u2002of the Act. The seized documents could be handed over by the AO of the person in respect of whom the search was conducted to the AO of the assessee or the other person only after recording the satisfaction under S.153C\u00a0of the Act. Therefore, the AO could proceed under S.\u00a0153C\u00a0of the Act from the date of recording of satisfaction on September 8, 2010 for the preceding six assessment years 2005-06 to 2010-11. The assessments made by the AO S. 153C\u00a0for the assessment years 2003-04 and 2004-05 were beyond the jurisdiction.\u00a0 Accordingly the additions were deleted. (AY 2003-04 to\u00a0 2008 -09)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 153C : Assessment-Income of any other person\u2013Search- Recording of satisfaction is mandatory even if the Assessing Officer of the person in respect of whom the search was conducted and the other person was one and the same-Additions were deleted. [S. 132]<\/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":[1],"tags":[],"class_list":["post-6408","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1Fm","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6408","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=6408"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6408\/revisions"}],"predecessor-version":[{"id":6409,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6408\/revisions\/6409"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=6408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=6408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=6408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}