https://www.taxtmi.com/caselaws?id=327981 Recording of satisfaction in the case of the searched person is a mandatory jurisdictional condition before section 153C proceedings can be initiated. The Assessing Officer must first note that seized money, bullion, jewellery, books, documents or other material belongs to or relates to another person and then hand over the material for action against that person. As no recorded satisfaction in the searched person's case was shown, the statutory precondition was not met. The notice under section 153C and the assessment framed pursuant to it were therefore held invalid and quashed, with the appellate order set aside, without any examination of the additions on merits. en-us Wed, 13 Apr 2016 00:00:00 +0530 Tue, 24 May 2016 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327981 Recording of satisfaction in the case of the searched person is a mandatory jurisdictional condition before section 153C proceedings can be initiated. The Assessing Officer must first note that seized money, bullion, jewellery, books, documents or other material belongs to or relates to another person and then hand over the material for action against that person. As no recorded satisfaction in the searched person's case was shown, the statutory precondition was not met. The notice under section 153C and the assessment framed pursuant to it were therefore held invalid and quashed, with the appellate order set aside, without any examination of the additions on merits. Case-Laws Income Tax Wed, 13 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327981