https://www.taxtmi.com/highlights?id=94732 HC held that no incriminating material "relating to" or "pertaining to" the assessees was found during search on the third party, as the relevant land records were supplied post-search and sale deed details were sourced from the public domain. Such material did not establish a live link or nexus with any undisclosed income of the assessees, rendering the presumption of escaped assessment based on the alleged undervaluation unsustainable. Consequently, the satisfaction recorded u/s 153C was held to be de hors the statute and without jurisdiction. The impugned notices issued u/s 153C were quashed and set aside. en-us Wed, 03 Dec 2025 08:57:10 +0530 Wed, 03 Dec 2025 08:57:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=94732 HC held that no incriminating material "relating to" or "pertaining to" the assessees was found during search on the third party, as the relevant land records were supplied post-search and sale deed details were sourced from the public domain. Such material did not establish a live link or nexus with any undisclosed income of the assessees, rendering the presumption of escaped assessment based on the alleged undervaluation unsustainable. Consequently, the satisfaction recorded u/s 153C was held to be de hors the statute and without jurisdiction. The impugned notices issued u/s 153C were quashed and set aside. Highlights Income Tax Wed, 03 Dec 2025 08:57:10 +0530 https://www.taxtmi.com/highlights?id=94732