Sec. 158BC & 158BD of Income-tax Act, 1961 - Search and seizure – Revenue preferred the appeal against the order of Tribunal whereby it held that the assessment order passed under s. 148BD r/w s. 158BC is not valid and is void ab initio on the ground that the AO of the person searched has not recorded satisfaction before the completion of block assessment proceedings under s. 158BC. Tribunal set aside the order of the AO as well as the CIT(A) merely on the ground that the satisfaction has not been recorded before completion of the assessment proceedings. High Court allowed the appeal of the revenue holding that “The satisfaction can even be recorded immediately after completion of the assessment proceedings under s. 158BC of the Act and in the instant case, admittedly, the satisfaction has been recorded after completion of the proceedings under s. 158BC of the Act”. - ASSTT. CIT V/s N. RAMAKRISHNAN - [2020] 316 CTR 461 (KARN)