S.153C Income Tax Act | Two-Tier Satisfaction Of Assessing Officers Of Both Searched & Non-Searched Entity Needed Even Prior To 2015 Amendment: Delhi HC

The Delhi High Court ruled that Section 153C of the Income Tax Act requires a two-tier satisfaction of assessing officers of both searched and non-searched entities, even prior to the 2015 amendment. This decision clarifies the requirements for reassessment under Section 153C. It ensures that reassessments are based on valid grounds. This ruling underscores the need for clear guidelines on reassessment procedures. It emphasizes the importance of fair assessments. The High Court's order protects the rights of taxpayers.