https://www.taxtmi.com/caselaws?id=462092 The SC examined the scope of Section 153C of the Income Tax Act, focusing on the jurisdictional AO's power to issue assessment notices after a search. The Court held that notices under Section 153C require specific satisfaction that seized materials relate to the assessed party's income for particular Assessment Years. Absent clear incriminating evidence for each year, the indiscriminate issuance of notices across multiple years is invalid. The Court quashed the notices for lack of jurisdictional satisfaction and procedural non-compliance. en-us Wed, 15 May 2024 00:00:00 +0530 Wed, 21 May 2025 21:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462092 The SC examined the scope of Section 153C of the Income Tax Act, focusing on the jurisdictional AO's power to issue assessment notices after a search. The Court held that notices under Section 153C require specific satisfaction that seized materials relate to the assessed party's income for particular Assessment Years. Absent clear incriminating evidence for each year, the indiscriminate issuance of notices across multiple years is invalid. The Court quashed the notices for lack of jurisdictional satisfaction and procedural non-compliance. Case-Laws Income Tax Wed, 15 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462092