https://www.taxtmi.com/caselaws?id=463546 The HC allowed the writ petitions and quashed the impugned notice issued under section 153C. The court found the AO's satisfaction note related only to incriminating material for AY 2014-15 and held there was no incriminating material for the other assessment years targeted. Applying established principles, the HC ruled that section 153C can be invoked only after the AO is satisfied the seized material is likely to affect the income of specific assessment year(s); a blanket invocation across the six-year block without identification is impermissible. en-us Mon, 27 May 2024 00:00:00 +0530 Fri, 05 Sep 2025 19:26:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463546 The HC allowed the writ petitions and quashed the impugned notice issued under section 153C. The court found the AO's satisfaction note related only to incriminating material for AY 2014-15 and held there was no incriminating material for the other assessment years targeted. Applying established principles, the HC ruled that section 153C can be invoked only after the AO is satisfied the seized material is likely to affect the income of specific assessment year(s); a blanket invocation across the six-year block without identification is impermissible. Case-Laws Income Tax Mon, 27 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463546