https://www.taxtmi.com/caselaws?id=207456 The court ruled in favor of the petitioner, quashing the notice under section 158BD of the Income-tax Act, 1961. The court found that the Assessing Officer did not demonstrate the necessary satisfaction that the seized amount constituted undisclosed income of the petitioner, as required by section 158BD. As this fundamental requirement was not met, the court held that the notice lacked jurisdiction and set it aside. en-us Fri, 15 Apr 2011 00:00:00 +0530 Mon, 17 Dec 2012 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207456 The court ruled in favor of the petitioner, quashing the notice under section 158BD of the Income-tax Act, 1961. The court found that the Assessing Officer did not demonstrate the necessary satisfaction that the seized amount constituted undisclosed income of the petitioner, as required by section 158BD. As this fundamental requirement was not met, the court held that the notice lacked jurisdiction and set it aside. Case-Laws Income Tax Fri, 15 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207456