https://www.taxtmi.com/caselaws?id=751280 Section 153C requires that the jurisdictional assessing officer form a satisfaction that books, documents or assets received from a search are likely to have a bearing on the determination of the total income of the non-searched person; only upon that satisfaction may a notice under Section 153C be issued and abatement or reopening of assessments follow. The mere discovery of incriminating material for a particular assessment year does not automatically trigger reassessment of all years within the six- or ten-year block; Satisfaction Notes must record reasons linking the material to the specific year(s) sought to be reopened. en-us Tue, 09 Apr 2024 00:00:00 +0530 Wed, 28 Jan 2026 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751280 Section 153C requires that the jurisdictional assessing officer form a satisfaction that books, documents or assets received from a search are likely to have a bearing on the determination of the total income of the non-searched person; only upon that satisfaction may a notice under Section 153C be issued and abatement or reopening of assessments follow. The mere discovery of incriminating material for a particular assessment year does not automatically trigger reassessment of all years within the six- or ten-year block; Satisfaction Notes must record reasons linking the material to the specific year(s) sought to be reopened. Case-Laws Income Tax Tue, 09 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751280