https://www.taxtmi.com/caselaws?id=783973 Jurisdiction under s.153C was held invalid because the seized cash-transaction material related to AY 2016-17 and did not bear on determination of total income for AY 2015-16; applying SC law that incriminating material must pertain to the year in question, the notice for AY 2015-16 was quashed. Independently, AY 2015-16 was an unabated/completed year with no pending proceedings and no incriminating material for that year, so no addition could be made in s.153C/s.153A assessment, following SC precedent; the assessment was unsustainable. Further, a consolidated satisfaction note for multiple years violated the requirement of year-wise satisfaction, vitiating the proceedings. The Revenue's appeal was dismissed. en-us Fri, 19 Dec 2025 00:00:00 +0530 Tue, 30 Dec 2025 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783973 Jurisdiction under s.153C was held invalid because the seized cash-transaction material related to AY 2016-17 and did not bear on determination of total income for AY 2015-16; applying SC law that incriminating material must pertain to the year in question, the notice for AY 2015-16 was quashed. Independently, AY 2015-16 was an unabated/completed year with no pending proceedings and no incriminating material for that year, so no addition could be made in s.153C/s.153A assessment, following SC precedent; the assessment was unsustainable. Further, a consolidated satisfaction note for multiple years violated the requirement of year-wise satisfaction, vitiating the proceedings. The Revenue's appeal was dismissed. Case-Laws Income Tax Fri, 19 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783973