https://www.taxtmi.com/caselaws?id=463590 HC quashed the notice issued under s.158BD read with s.158BC, holding it invalid for want of the statutory pre-conditions. The AO who searched the person had not recorded satisfaction linking the seized material or any undisclosed income to the other persons (shareholders), nor was there proof of handing over seized material to the AO having jurisdiction over them. The court held subsequent admissions or appellate allocations in respect of the searched person cannot retrospectively supply the requisite recorded satisfaction. Matter dismissed; no order as to costs. en-us Wed, 14 Dec 2005 00:00:00 +0530 Mon, 08 Sep 2025 16:43:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463590 HC quashed the notice issued under s.158BD read with s.158BC, holding it invalid for want of the statutory pre-conditions. The AO who searched the person had not recorded satisfaction linking the seized material or any undisclosed income to the other persons (shareholders), nor was there proof of handing over seized material to the AO having jurisdiction over them. The court held subsequent admissions or appellate allocations in respect of the searched person cannot retrospectively supply the requisite recorded satisfaction. Matter dismissed; no order as to costs. Case-Laws Income Tax Wed, 14 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463590