https://www.taxtmi.com/caselaws?id=340185 The Tribunal partly allowed the appeal, quashing the assessment proceedings due to the Assessing Officer's lack of recorded satisfaction that the seized material belonged to the assessee. The assessments were based on the same search operation, leading to jurisdictional issues and errors in invoking section 153C of the IT Act. The Tribunal emphasized the necessity of incriminating material for additions to income and highlighted the legal requirement of the AO's satisfaction for invoking section 153C. en-us Wed, 15 Mar 2017 00:00:00 +0530 Fri, 17 Mar 2017 11:17:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340185 The Tribunal partly allowed the appeal, quashing the assessment proceedings due to the Assessing Officer's lack of recorded satisfaction that the seized material belonged to the assessee. The assessments were based on the same search operation, leading to jurisdictional issues and errors in invoking section 153C of the IT Act. The Tribunal emphasized the necessity of incriminating material for additions to income and highlighted the legal requirement of the AO's satisfaction for invoking section 153C. Case-Laws Income Tax Wed, 15 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340185