https://www.taxtmi.com/caselaws?id=465399 The dominant issue was whether s.153C of the Income-tax Act could be validly invoked in the absence of any incriminating material found during search, and consequently whether additions towards "undisclosed income" required prior recording of satisfaction by the AO. Relying on binding HC precedent holding that s.153C jurisdiction is predicated on seized incriminating material belonging to/relating to the other person and a recorded satisfaction establishing that nexus, the HC held the substantial questions of law lacked merit. The Revenue's appeal was dismissed and the assessee succeeded. en-us Mon, 09 Dec 2024 00:00:00 +0530 Fri, 19 Dec 2025 21:18:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465399 The dominant issue was whether s.153C of the Income-tax Act could be validly invoked in the absence of any incriminating material found during search, and consequently whether additions towards "undisclosed income" required prior recording of satisfaction by the AO. Relying on binding HC precedent holding that s.153C jurisdiction is predicated on seized incriminating material belonging to/relating to the other person and a recorded satisfaction establishing that nexus, the HC held the substantial questions of law lacked merit. The Revenue's appeal was dismissed and the assessee succeeded. Case-Laws Income Tax Mon, 09 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465399