C.I.T vs ANIL KUMAR BANSAL — C.A. No. 3980/2014

Summary of C.A. No. 003980/2014 The Supreme Court held that under Income Tax Act Section 158BD, an assessing officer must prepare a satisfaction note before transmitting records of undisclosed income to another officer's jurisdiction. The satisfaction note can be prepared at three stages: (a) when initiating proceedings under Section 158BC against the searched person, (b) during assessment proceedings, or (c) immediately after completing those proceedings—not limited to before completion as lower courts ruled. This case analysis is maintained by casestatus.in based on publicly available court records.