Tag: satisfaction 148

Writing “Yes, I am Satisfied” by Addl. CIT establishes that he has not recorded proper satisfaction/approval, before issue of notice u/s 148

No sooner than a week after, holding that merely writing “yes” or “approved” and affixing signature by CIT) was not the required satisfaction (ITA No. 5311/Del/2013 dated 07/04/2016), ITAT delhi Bench has again held that writing “Yes, I am Satisfied”  by Addl. CIT  establishes that he has not recorded proper …

Merely writing yes/approved and affixing signature by CIT is not proper satisfaction for a fit case for re-opening u/s 147 and issue of notice u/s 148

Merely writing “yes” or “approved” and affixing signature by the Commissioner of Income Tax (CIT) was not the required/proper satisfied for a fit case for re-opening u/s 147 by the issue of notice under section 148-ITAT Delhi. Case Law Details: ITA No. 5311/Del/2013  and Cross Objection No. 42/Del/2014 Assessment Year: …