https://www.taxtmi.com/caselaws?id=462462 Section 153C requires a valid satisfaction note meeting the statutory requirements applicable to the relevant period. The Tribunal applied strict construction and held that a satisfaction note stating only that seized material "relates to" the assessee could not support the assessment for the years in question because that expression was introduced only later by the Finance Act, 2015. The Revenue's attempt to rely on the amended wording was rejected as inapplicable to the relevant assessment years. The common orders of the first appellate authority were upheld and the Revenue's appeals failed. en-us Mon, 20 Dec 2021 00:00:00 +0530 Tue, 24 Jun 2025 22:02:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462462 Section 153C requires a valid satisfaction note meeting the statutory requirements applicable to the relevant period. The Tribunal applied strict construction and held that a satisfaction note stating only that seized material "relates to" the assessee could not support the assessment for the years in question because that expression was introduced only later by the Finance Act, 2015. The Revenue's attempt to rely on the amended wording was rejected as inapplicable to the relevant assessment years. The common orders of the first appellate authority were upheld and the Revenue's appeals failed. Case-Laws Income Tax Mon, 20 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462462