https://www.taxtmi.com/caselaws?id=383344 Recording of satisfaction is a mandatory precondition for invoking Section 158BD: the Assessing Officer must be satisfied that undisclosed income belongs to a person other than the searched person, hand over the seized material, and proceed under Section 158BC against that other person. Where no satisfaction note is recorded by either the search Assessing Officer or the recipient Assessing Officer, a mere letter or reference to notice issuance is not sufficient compliance. On that basis, the notice and consequent block assessment were unsustainable, and the Revenue's challenge failed. en-us Wed, 03 Jul 2019 00:00:00 +0530 Mon, 22 Jul 2019 08:19:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383344 Recording of satisfaction is a mandatory precondition for invoking Section 158BD: the Assessing Officer must be satisfied that undisclosed income belongs to a person other than the searched person, hand over the seized material, and proceed under Section 158BC against that other person. Where no satisfaction note is recorded by either the search Assessing Officer or the recipient Assessing Officer, a mere letter or reference to notice issuance is not sufficient compliance. On that basis, the notice and consequent block assessment were unsustainable, and the Revenue's challenge failed. Case-Laws Income Tax Wed, 03 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383344