https://www.taxtmi.com/caselaws?id=220056 Recording of satisfaction that undisclosed income belongs to a person other than the searched person is a mandatory jurisdictional precondition for invoking Section 158BD. Here, the communication relied on merely noted seizure of books of account and proposed further proceedings, but it did not record the required satisfaction that undisclosed income belonged to the assessee. In the absence of that recorded satisfaction, initiation of proceedings under Section 158BD was invalid and the resulting block assessment could not be sustained. The Tribunal also found, as a factual matter, that no incriminating material had been found in the search, which supported the assessee's challenge. en-us Fri, 04 Jan 2013 00:00:00 +0530 Sat, 16 Feb 2013 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220056 Recording of satisfaction that undisclosed income belongs to a person other than the searched person is a mandatory jurisdictional precondition for invoking Section 158BD. Here, the communication relied on merely noted seizure of books of account and proposed further proceedings, but it did not record the required satisfaction that undisclosed income belonged to the assessee. In the absence of that recorded satisfaction, initiation of proceedings under Section 158BD was invalid and the resulting block assessment could not be sustained. The Tribunal also found, as a factual matter, that no incriminating material had been found in the search, which supported the assessee's challenge. Case-Laws Income Tax Fri, 04 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220056