Assessing Officer satisfaction: seized material must bear on a person's income before initiating assessment against that person. Amendment conditions assessment of a person other than the searched person on the Assessing Officer being satisfied that the books, documents or assets ... Summary
Assessing Officer satisfaction: seized material must bear on a person's income before initiating assessment against that person.
Amendment conditions assessment of a person other than the searched person on the Assessing Officer being satisfied that the books, documents or assets seized or requisitioned have a bearing on the determination of the total income of that other person for the relevant assessment year(s); seized material is to be handed over to the jurisdictional Assessing Officer who may issue notice and assess or reassess only upon such satisfaction.
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