https://www.taxtmi.com/caselaws?id=776765 ITAT Chennai held the reassessment proceedings under s.153C invalid because the AO recorded a consolidated, non-year-specific satisfaction note for multiple assessment years, failing the statutory and judicial requirement for distinct, contemporaneous year-wise satisfaction; therefore jurisdiction was absent. Further, additions under s.69 based solely on an uncorroborated electronic entry on a pen drive seized from a third party were deleted because there was no direct link, corroboration, bank trail, admission, or author confirmation tying the entry to the assessee. Appeal allowed and impugned additions set aside. en-us Thu, 17 Jul 2025 00:00:00 +0530 Tue, 19 Aug 2025 08:38:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776765 ITAT Chennai held the reassessment proceedings under s.153C invalid because the AO recorded a consolidated, non-year-specific satisfaction note for multiple assessment years, failing the statutory and judicial requirement for distinct, contemporaneous year-wise satisfaction; therefore jurisdiction was absent. Further, additions under s.69 based solely on an uncorroborated electronic entry on a pen drive seized from a third party were deleted because there was no direct link, corroboration, bank trail, admission, or author confirmation tying the entry to the assessee. Appeal allowed and impugned additions set aside. Case-Laws Income Tax Thu, 17 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776765