https://www.taxtmi.com/caselaws?id=783964 Assessment under s.153C turned on whether the AO recorded the mandatory "satisfaction" that seized material belonged to, and had a bearing on, the assessee before assuming jurisdiction. The Tribunal held that no material showed any satisfaction note by the AO before taking cognizance of seized material from another search, and that disallowances/additions (including travelling expenditure) were made without satisfying the statutory condition precedent. Relying on SC and HC authorities affirming satisfaction as jurisdictional precondition, the Tribunal held the assessments to be legally unsustainable; the impugned assessments were quashed. en-us Mon, 01 Dec 2025 00:00:00 +0530 Fri, 26 Dec 2025 07:18:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783964 Assessment under s.153C turned on whether the AO recorded the mandatory "satisfaction" that seized material belonged to, and had a bearing on, the assessee before assuming jurisdiction. The Tribunal held that no material showed any satisfaction note by the AO before taking cognizance of seized material from another search, and that disallowances/additions (including travelling expenditure) were made without satisfying the statutory condition precedent. Relying on SC and HC authorities affirming satisfaction as jurisdictional precondition, the Tribunal held the assessments to be legally unsustainable; the impugned assessments were quashed. Case-Laws Income Tax Mon, 01 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783964