https://www.taxtmi.com/caselaws?id=774842 The SC dismissed a special leave petition challenging an HC judgment that allowed the assessee's appeal regarding notices issued under Section 153C. The HC held that the jurisdictional AO's satisfaction note failed to refer to any incriminating material for the relevant assessment years, making it evident that no such material existed. The court ruled that the AO must first be satisfied that received material likely impacts total income of specific years within the block period before issuing notices under Section 153C. Without material casting doubt on income estimation, the AO cannot justify invoking Section 153C powers. en-us Thu, 10 Jul 2025 00:00:00 +0530 Tue, 15 Jul 2025 08:39:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774842 The SC dismissed a special leave petition challenging an HC judgment that allowed the assessee's appeal regarding notices issued under Section 153C. The HC held that the jurisdictional AO's satisfaction note failed to refer to any incriminating material for the relevant assessment years, making it evident that no such material existed. The court ruled that the AO must first be satisfied that received material likely impacts total income of specific years within the block period before issuing notices under Section 153C. Without material casting doubt on income estimation, the AO cannot justify invoking Section 153C powers. Case-Laws Income Tax Thu, 10 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774842