AdvertisementCanyon Financial Services Ltd. Vs ITO (Delhi High Court) The Delhi High Court considered five writ petitions filed by Canyon Financial Services Limited challenging the satisfaction notes dated 13 March 2014 and 19 March 2014 issued by the Assessing Officers initiating proceedings under Section 153C of the Income Tax Act, 1961. The proceedings arose from a search and seizure operation conducted in the Dalmia Group on 20, 27 and 28 January 2012, during which documents comprising 249 pages were seized from the premises of a searched person. The Assessing Officer of the searched person identified ...