Seizure-based jurisdiction: seized material triggers assessment proceedings against other persons upon recorded satisfaction and timely handover. Proceedings under section 153C must be initiated only after the AO of the searched person records a distinct written satisfaction that specific seized material belongs to a particular other person; that satisfaction should identify the seized items, give clear reasons, and be recorded separately for each other person. Where jurisdiction lies with another AO, the transferor AO must hand over the relevant seized material and a copy of the satisfaction within the prescribed timeframe, following Search and Seizure Manual procedures, to enable the transferee AO to initiate consequential assessment action within limitation periods.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Seizure-based jurisdiction: seized material triggers assessment proceedings against other persons upon recorded satisfaction and timely handover.
Proceedings under section 153C must be initiated only after the AO of the searched person records a distinct written satisfaction that specific seized material belongs to a particular other person; that satisfaction should identify the seized items, give clear reasons, and be recorded separately for each other person. Where jurisdiction lies with another AO, the transferor AO must hand over the relevant seized material and a copy of the satisfaction within the prescribed timeframe, following Search and Seizure Manual procedures, to enable the transferee AO to initiate consequential assessment action within limitation periods.
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