https://www.taxtmi.com/caselaws?id=186194 Jurisdiction under section 158BD depends on the Assessing Officer of the searched person recording a clear satisfaction, before completion of the block assessment under section 158BC, that undisclosed income belongs to another person. That satisfaction is a mandatory precondition for transferring the material to the other Assessing Officer and for issuing a valid notice under section 158BD. Where the notice is issued only after completion of the searched person's block assessment and after an inordinate delay, the jurisdictional requirement is not met. On the facts stated, the proceedings were held invalid and the block assessments were liable to be quashed. en-us Fri, 21 May 2010 00:00:00 +0530 Thu, 14 Sep 2023 08:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186194 Jurisdiction under section 158BD depends on the Assessing Officer of the searched person recording a clear satisfaction, before completion of the block assessment under section 158BC, that undisclosed income belongs to another person. That satisfaction is a mandatory precondition for transferring the material to the other Assessing Officer and for issuing a valid notice under section 158BD. Where the notice is issued only after completion of the searched person's block assessment and after an inordinate delay, the jurisdictional requirement is not met. On the facts stated, the proceedings were held invalid and the block assessments were liable to be quashed. Case-Laws Income Tax Fri, 21 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186194