https://www.taxtmi.com/caselaws?id=213913 For invocation of Section 158BD in a search assessment, the transferring Assessing Officer must record prima facie satisfaction that the seized materials disclose undisclosed income of another person before forwarding the file to the jurisdictional Assessing Officer. The provision is an enabling mechanism in Chapter XIVB, but the transfer-stage satisfaction remains a mandatory statutory condition. The text distinguishes this requirement from provisions that expressly require recorded reasons, and states that binding Supreme Court precedent treats the absence of recorded satisfaction as fatal. On that basis, the consequential assessment under Section 158BC read with Section 158BD is invalid. en-us Mon, 05 Mar 2012 00:00:00 +0530 Tue, 12 Jun 2012 07:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213913 For invocation of Section 158BD in a search assessment, the transferring Assessing Officer must record prima facie satisfaction that the seized materials disclose undisclosed income of another person before forwarding the file to the jurisdictional Assessing Officer. The provision is an enabling mechanism in Chapter XIVB, but the transfer-stage satisfaction remains a mandatory statutory condition. The text distinguishes this requirement from provisions that expressly require recorded reasons, and states that binding Supreme Court precedent treats the absence of recorded satisfaction as fatal. On that basis, the consequential assessment under Section 158BC read with Section 158BD is invalid. Case-Laws Income Tax Mon, 05 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213913