{"id":64177,"date":"2026-08-28T16:26:04","date_gmt":"2026-08-28T10:56:04","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-sunil-kumar-sharma-2026-308-taxman-75-sc-editorial-dy-cit-v-sunil-kumar-sharma2024-159-taxmann-com-179-469-itr-197-karnhc\/"},"modified":"2026-08-28T16:26:04","modified_gmt":"2026-08-28T10:56:04","slug":"dy-cit-v-sunil-kumar-sharma-2026-308-taxman-75-sc-editorial-dy-cit-v-sunil-kumar-sharma2024-159-taxmann-com-179-469-itr-197-karnhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-sunil-kumar-sharma-2026-308-taxman-75-sc-editorial-dy-cit-v-sunil-kumar-sharma2024-159-taxmann-com-179-469-itr-197-karnhc\/","title":{"rendered":"Dy. CIT v. Sunil Kumar Sharma (2026) 308 Taxman 75 (SC) Editorial : Dy.CIT v. Sunil Kumar Sharma(2024) 159 taxmann.com 179\/ 469 ITR 197 (Karn)(HC)"},"content":{"rendered":"<p><strong>\u00a0<\/strong><\/p>\n<p>High Court held that it is established in law that a sheet of paper containing typed entries and in loose form, not shown to form part of books of account regularly maintained by assessee or his business entities, do not constitute material evidence and, therefore, action taken by revenue against assessee based on material contained in diaries\/loose sheets, was contrary to law and, thus,\u00a0 notices under section 153C were set aside, as same were void and illegal. SLP of revenue dismissed. High Court held that a satisfaction note is required to be recorded under section 153C for each assessment year and where a consolidated satisfaction note had been recorded for different assessment years, it would vitiate the entire assessment proceedings.\u00a0 SLP of revenue dismissed. High Court held that section 127 connotes providing reasonable opportunity to the assessee and passing an assessment order based on reasons, and where no reasonable opportunity had been provided before transferring case and the officer of Bangalore had sent a notice and Assessment order to the assessee who was a resident of Delhi, it was in total violation of section 127. SLP of the revenue dismissed. (AY. 2012-13 to 2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 153C : Assessment-Income of any other person-Search and seizure-Loose sheets-Satisfaction note-A sheet of paper containing typed entries and in loose form, not shown to form part of books of account regularly maintained by assessee-Satisfaction note is required to be recorded under section 153C for each assessment year and where a consolidated satisfaction note had been recorded for different assessment years, it would vitiate entire assessment proceedings-Power to transfer cases-No reasonable opportunity had been provided before transferring case and officer of Bangalore had sent Notice and Assessment order to assessee who was a resident of Delhi, it was in total violation of section 127-Order of High Court affirmed-SLP of revenue dismissed. [S. 127, 132, Art. 136] <\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-64177","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gH7","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64177","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=64177"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64177\/revisions"}],"predecessor-version":[{"id":64178,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64177\/revisions\/64178"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=64177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=64177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=64177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}