https://www.taxtmi.com/circulars?id=68380 Proceedings under section 153C must be initiated only after the AO of the searched person records a distinct written satisfaction that specific seized material belongs to a particular other person; that satisfaction should identify the seized items, give clear reasons, and be recorded separately for each other person. Where jurisdiction lies with another AO, the transferor AO must hand over the relevant seized material and a copy of the satisfaction within the prescribed timeframe, following Search and Seizure Manual procedures, to enable the transferee AO to initiate consequential assessment action within limitation periods. en-us Mon, 31 Mar 2014 00:00:00 +0530 Tue, 01 Apr 2025 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68380 Proceedings under section 153C must be initiated only after the AO of the searched person records a distinct written satisfaction that specific seized material belongs to a particular other person; that satisfaction should identify the seized items, give clear reasons, and be recorded separately for each other person. Where jurisdiction lies with another AO, the transferor AO must hand over the relevant seized material and a copy of the satisfaction within the prescribed timeframe, following Search and Seizure Manual procedures, to enable the transferee AO to initiate consequential assessment action within limitation periods. Circulars Income Tax Mon, 31 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68380