https://www.taxtmi.com/article/detailed?id=8683 Under Sec.153C, when material seized during a search in one person's premises belongs to another person, the AO must be satisfied that the items pertain to that other person, hand the material to the AO having jurisdiction over them, and that AO shall proceed to assess or reassess the other person's total income in the same manner as assessments in search cases. Recording of satisfaction is a jurisdictional prerequisite based on cogent material, and abatement, multiple search interactions and scope of additions follow the procedural rules applicable to search assessments. en-us Mon, 19 Aug 2019 07:15:33 +0530 Mon, 19 Aug 2019 07:15:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8683 Under Sec.153C, when material seized during a search in one person's premises belongs to another person, the AO must be satisfied that the items pertain to that other person, hand the material to the AO having jurisdiction over them, and that AO shall proceed to assess or reassess the other person's total income in the same manner as assessments in search cases. Recording of satisfaction is a jurisdictional prerequisite based on cogent material, and abatement, multiple search interactions and scope of additions follow the procedural rules applicable to search assessments. Articles Income Tax Mon, 19 Aug 2019 07:15:33 +0530 https://www.taxtmi.com/article/detailed?id=8683