https://www.taxtmi.com/caselaws?id=467138 Validity of a search-origin notice depends on temporal and threshold preconditions: a notice cannot extend to an assessment year beyond the six preceding years, and initiation under the proviso requires a recorded satisfaction in the Satisfaction Note that escaped income cumulatively amounts to or is likely to amount to the monetary threshold; that satisfaction must be supported by reasons based on a fair assessment of material and not conjecture. The impugned notice for the earlier assessment year was quashed for failing both the temporal limit and the reasoned satisfaction requirement, with liberty to reinitiate if proper reasons are recorded. en-us Tue, 28 May 2024 00:00:00 +0530 Fri, 06 Mar 2026 20:54:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467138 Validity of a search-origin notice depends on temporal and threshold preconditions: a notice cannot extend to an assessment year beyond the six preceding years, and initiation under the proviso requires a recorded satisfaction in the Satisfaction Note that escaped income cumulatively amounts to or is likely to amount to the monetary threshold; that satisfaction must be supported by reasons based on a fair assessment of material and not conjecture. The impugned notice for the earlier assessment year was quashed for failing both the temporal limit and the reasoned satisfaction requirement, with liberty to reinitiate if proper reasons are recorded. Case-Laws Income Tax Tue, 28 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467138