https://www.taxtmi.com/caselaws?id=262793 Jurisdiction under s. 153C was in issue. The ITAT held that even where the same AO handles both the searched person and the "other person," the AO must first, in the searched person's proceedings, record an objective satisfaction-based on enquiry and a clear finding-that seized money/bullion/jewellery/valuable article, books, or documents "belonged to" the other person, place the satisfaction note in the other person's file, and transfer the relevant material before issuing notice under s. 153A r/w s. 153C. As no such valid satisfaction was recorded and the assessment orders did not even refer to any seized material, the AO lacked jurisdiction; the s. 153C notice and consequent assessments were quashed as nullities, granting relief to the assessee. en-us Fri, 14 Aug 2015 00:00:00 +0530 Wed, 31 Dec 2025 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262793 Jurisdiction under s. 153C was in issue. The ITAT held that even where the same AO handles both the searched person and the "other person," the AO must first, in the searched person's proceedings, record an objective satisfaction-based on enquiry and a clear finding-that seized money/bullion/jewellery/valuable article, books, or documents "belonged to" the other person, place the satisfaction note in the other person's file, and transfer the relevant material before issuing notice under s. 153A r/w s. 153C. As no such valid satisfaction was recorded and the assessment orders did not even refer to any seized material, the AO lacked jurisdiction; the s. 153C notice and consequent assessments were quashed as nullities, granting relief to the assessee. Case-Laws Income Tax Fri, 14 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262793