https://www.taxtmi.com/caselaws?id=63800 Jurisdiction under section 158BD requires the Assessing Officer to record objective satisfaction, based on cogent seized material or material relatable to it, that undisclosed income belongs to a person other than the searched person. Mere discovery of documents relating to that person is insufficient where no enquiry or investigation supports the proposed action and the recorded satisfaction note does not identify undisclosed income as belonging to that person. An appraisal report cannot independently establish this jurisdictional foundation. Absence of the required satisfaction invalidates the section 158BD proceedings and results in annulment of the consequential assessment. en-us Tue, 16 Mar 2004 00:00:00 +0530 Wed, 02 Feb 2011 10:12:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63800 Jurisdiction under section 158BD requires the Assessing Officer to record objective satisfaction, based on cogent seized material or material relatable to it, that undisclosed income belongs to a person other than the searched person. Mere discovery of documents relating to that person is insufficient where no enquiry or investigation supports the proposed action and the recorded satisfaction note does not identify undisclosed income as belonging to that person. An appraisal report cannot independently establish this jurisdictional foundation. Absence of the required satisfaction invalidates the section 158BD proceedings and results in annulment of the consequential assessment. Case-Laws Income Tax Tue, 16 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63800