https://www.taxtmi.com/caselaws?id=283217 Section 153C confers jurisdiction only after the Assessing Officer of the searched person first records satisfaction that seized money, books, documents or assets belong to or relate to another person, and then hands over that material for separate assessment. That precondition remains mandatory even where the same officer assesses both persons. Applying Calcutta Knitwears and the CBDT circular, the text notes that an order-sheet entry in the assessee's file before notice did not satisfy the required prior satisfaction in the searched person's case. The assessment under section 143(3) read with section 153C was therefore invalid and was quashed. en-us Fri, 28 Jun 2019 00:00:00 +0530 Thu, 12 Sep 2019 17:40:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283217 Section 153C confers jurisdiction only after the Assessing Officer of the searched person first records satisfaction that seized money, books, documents or assets belong to or relate to another person, and then hands over that material for separate assessment. That precondition remains mandatory even where the same officer assesses both persons. Applying Calcutta Knitwears and the CBDT circular, the text notes that an order-sheet entry in the assessee's file before notice did not satisfy the required prior satisfaction in the searched person's case. The assessment under section 143(3) read with section 153C was therefore invalid and was quashed. Case-Laws Income Tax Fri, 28 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283217