https://www.taxtmi.com/caselaws?id=466974 Invocation of the search-triggered assessment provision requires a recorded satisfaction identifying cogent, document wise, year-linked incriminating material seized that bears on the third person's income; where the satisfaction note and seized items lack such year-wise nexus the assessing officer lacked jurisdiction and the assessment under the search provisions for the relevant assessment year is void. Consequentially, any rectification and interest adjustments premised on that void assessment also lack a valid basis and are nullities, entitling the taxpayer to relief against those consequential orders. en-us Fri, 31 May 2024 00:00:00 +0530 Wed, 25 Feb 2026 13:19:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466974 Invocation of the search-triggered assessment provision requires a recorded satisfaction identifying cogent, document wise, year-linked incriminating material seized that bears on the third person's income; where the satisfaction note and seized items lack such year-wise nexus the assessing officer lacked jurisdiction and the assessment under the search provisions for the relevant assessment year is void. Consequentially, any rectification and interest adjustments premised on that void assessment also lack a valid basis and are nullities, entitling the taxpayer to relief against those consequential orders. Case-Laws Income Tax Fri, 31 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466974