https://www.taxtmi.com/article/detailed?id=7310 Section 153C mandates that when seized or requisitioned money, valuables, books or documents pertain to a person other than the one searched, the material must be handed to the Assessing Officer having jurisdiction over that third person, who shall proceed under Section 153A mechanics after recording a reasoned satisfaction that the seized material bears on the third person's total income; mere recitals of satisfaction or absence of incriminating material render proceedings vulnerable, and limitation and rule-based provisos govern timing and scope of notices. en-us Wed, 08 Mar 2017 06:53:15 +0530 Wed, 08 Mar 2017 06:53:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7310 Section 153C mandates that when seized or requisitioned money, valuables, books or documents pertain to a person other than the one searched, the material must be handed to the Assessing Officer having jurisdiction over that third person, who shall proceed under Section 153A mechanics after recording a reasoned satisfaction that the seized material bears on the third person's total income; mere recitals of satisfaction or absence of incriminating material render proceedings vulnerable, and limitation and rule-based provisos govern timing and scope of notices. Articles Income Tax Wed, 08 Mar 2017 06:53:15 +0530 https://www.taxtmi.com/article/detailed?id=7310