https://www.taxtmi.com/caselaws?id=764949 Proceedings under s.153C can be initiated only after the jurisdictional AO records a satisfaction note identifying incriminating material seized/requisitioned that bears on a specific AY; the reassessment power is confined to those AYs to which such material relates or is likely to influence, and in the absence of such year-specific material casting doubt on total income, invocation of s.153C is impermissible, with abatement/reopening following only upon valid satisfaction and notice. Applying these principles, the SC refused to interfere with the HC order and dismissed the SLPs because the substantial filing delay was unexplained and, in any event, no merit was shown. en-us Mon, 20 Jan 2025 00:00:00 +0530 Wed, 31 Dec 2025 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764949 Proceedings under s.153C can be initiated only after the jurisdictional AO records a satisfaction note identifying incriminating material seized/requisitioned that bears on a specific AY; the reassessment power is confined to those AYs to which such material relates or is likely to influence, and in the absence of such year-specific material casting doubt on total income, invocation of s.153C is impermissible, with abatement/reopening following only upon valid satisfaction and notice. Applying these principles, the SC refused to interfere with the HC order and dismissed the SLPs because the substantial filing delay was unexplained and, in any event, no merit was shown. Case-Laws Income Tax Mon, 20 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764949