https://www.taxtmi.com/caselaws?id=777686 SC dismissed the special leave petitions and declined to interfere with the HC order. The Court affirmed that for assessment under section 153C incriminating material must be identified with reference to the assessment year(s) it may affect; the jurisdictional AO must be satisfied that the material is likely to impact total income for specific year(s) (including years in a block) before issuing notice under s.153C. Absent such material casting doubt on income estimation for particular year(s), invoking s.153C is unjustified. en-us Fri, 23 May 2025 00:00:00 +0530 Wed, 03 Sep 2025 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777686 SC dismissed the special leave petitions and declined to interfere with the HC order. The Court affirmed that for assessment under section 153C incriminating material must be identified with reference to the assessment year(s) it may affect; the jurisdictional AO must be satisfied that the material is likely to impact total income for specific year(s) (including years in a block) before issuing notice under s.153C. Absent such material casting doubt on income estimation for particular year(s), invoking s.153C is unjustified. Case-Laws Income Tax Fri, 23 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777686