https://www.taxtmi.com/caselaws?id=419267 Initiation of proceedings under section 153C was held invalid where the satisfaction note did not identify any seized material as belonging to the assessee. The seized laptop was found at the searched person's premises, and the statutory presumptions under section 132(4A) and section 292C attached only to the person searched. Because the search predated 01.06.2015, the unamended section 153C applied, and no incriminating material was referred to in support of the addition. On that basis, the assessment orders were liable to be quashed. en-us Thu, 24 Feb 2022 00:00:00 +0530 Wed, 09 Mar 2022 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419267 Initiation of proceedings under section 153C was held invalid where the satisfaction note did not identify any seized material as belonging to the assessee. The seized laptop was found at the searched person's premises, and the statutory presumptions under section 132(4A) and section 292C attached only to the person searched. Because the search predated 01.06.2015, the unamended section 153C applied, and no incriminating material was referred to in support of the addition. On that basis, the assessment orders were liable to be quashed. Case-Laws Income Tax Thu, 24 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419267