https://www.taxtmi.com/caselaws?id=770014 The HC held that an AO lacks jurisdiction to issue a notice under Section 153C if the search under Section 132 or requisition under Section 132A does not yield any incriminating material related to the assessee's income. Jurisdiction arises only when such material is found and the AO is satisfied it pertains to the assessee and has a bearing on the income assessment. In this case, no incriminating material was discovered for AY 2018-19, so the AO's issuance of the notice and subsequent assessment were invalid. Consequently, the impugned notice and assessment order were quashed. en-us Wed, 23 Apr 2025 00:00:00 +0530 Fri, 03 Apr 2026 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770014 The HC held that an AO lacks jurisdiction to issue a notice under Section 153C if the search under Section 132 or requisition under Section 132A does not yield any incriminating material related to the assessee's income. Jurisdiction arises only when such material is found and the AO is satisfied it pertains to the assessee and has a bearing on the income assessment. In this case, no incriminating material was discovered for AY 2018-19, so the AO's issuance of the notice and subsequent assessment were invalid. Consequently, the impugned notice and assessment order were quashed. Case-Laws Income Tax Wed, 23 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770014