https://www.taxtmi.com/caselaws?id=205039 Prima facie satisfaction based on seized material showing possible undisclosed income of an identifiable third party was held sufficient to initiate proceedings under section 158BD, without requiring a final investigation at that stage. The notice was found valid because the officer had jurisdiction over the assessee before completion of assessment and the later note merely continued the earlier satisfaction. The Tribunal was held to have erred in ignoring the statutory presumption attached to diary entries and related evidence, and its deletion of the addition was set aside. Refusal to admit the forensic report and the diary author's affidavit was also found unjustified, as the material was relevant to authenticity and a fresh decision was required. en-us Mon, 28 Feb 2011 00:00:00 +0530 Mon, 19 Jan 2026 16:55:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205039 Prima facie satisfaction based on seized material showing possible undisclosed income of an identifiable third party was held sufficient to initiate proceedings under section 158BD, without requiring a final investigation at that stage. The notice was found valid because the officer had jurisdiction over the assessee before completion of assessment and the later note merely continued the earlier satisfaction. The Tribunal was held to have erred in ignoring the statutory presumption attached to diary entries and related evidence, and its deletion of the addition was set aside. Refusal to admit the forensic report and the diary author's affidavit was also found unjustified, as the material was relevant to authenticity and a fresh decision was required. Case-Laws Income Tax Mon, 28 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205039