Section 153C Proceedings Invalid if Satisfaction Note Recorded After 01.04.2021: Important Tribunal Ruling In a significant ruling impacting search-related assessments involving third parties, the Tribunal has held that proceedings under Section 153C of the Income Tax Act are not maintainable where the satisfaction note was recorded after 01.04.2021. The Tribunal, in Shaminder Singh vs. ACIT, quashed…
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