Section 153C satisfaction requirement governs assessment of another person's income from seized or requisitioned material. Section 153C applies where the Assessing Officer is satisfied that seized or requisitioned money, valuables, books, documents, or information belong to, or relate to, a person other than the searched person. The material is then handed over to the jurisdictional Assessing Officer of that other person, who issues notice and assesses or reassesses income under section 153A for the specified six assessment years and the relevant year or years. The section also covers the timing of notice, deemed date of search receipt, non-applicability for searches or requisitions on or after 1 April 2021, and requires a conclusive satisfaction that the material belongs to the other person.
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.
Section 153C satisfaction requirement governs assessment of another person's income from seized or requisitioned material.
Section 153C applies where the Assessing Officer is satisfied that seized or requisitioned money, valuables, books, documents, or information belong to, or relate to, a person other than the searched person. The material is then handed over to the jurisdictional Assessing Officer of that other person, who issues notice and assesses or reassesses income under section 153A for the specified six assessment years and the relevant year or years. The section also covers the timing of notice, deemed date of search receipt, non-applicability for searches or requisitions on or after 1 April 2021, and requires a conclusive satisfaction that the material belongs to the other person.
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