SUPREME COURT: SECTION 158 BD OF INCOME TAX ACT, 1961 The purpose of Section 158BD of the Act a satisfaction note is sine qua non and must be prepared by the assessing officer before he transmits the records to the other assessing officer who has jurisdiction over such other person. The satisfaction note could be prepared at either of the following stages: (a) at the time of or along with the initiation of proceedings against the searched person under Section 158BC of the Act; (b) along with the assessment proceedings under Section 158BC of the Act; and (c) immediately after the assessment proceedings are completed under Section 158BC of the Act of the searched person. CIVIL APPEAL NO. 3958 OF 2014, (SPECIAL LEAVE PETITION(C.)NO.10542 OF 2011) COMMISSIONER OF INCOME TAX VERSUS M/S.CALCUTTA KNITWEARS, LUDHIANA (2014) 6 SCC 444
Posted on: Sat, 19 Jul 2014 04:30:01 +0000
Trending Topics
Recently Viewed Topics
© 2015