https://www.taxtmi.com/caselaws?id=467137 The note clarifies that search-related notices issued under Section 153C require a recorded, reasoned satisfaction that the escaped income cumulatively meets the statutory monetary threshold under the Fourth Proviso to Section 153A; provisional opinion or conjecture is insufficient. Because the Satisfaction Note did not record reasons showing escaped income amounts or likelihood to meet the threshold, the subsequent notices were held unsustainable and quashed. The assessing officer may re-examine and reissue notices only after recording a fresh, material-based satisfaction that the monetary threshold is likely met. en-us Fri, 24 May 2024 00:00:00 +0530 Fri, 06 Mar 2026 20:54:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467137 The note clarifies that search-related notices issued under Section 153C require a recorded, reasoned satisfaction that the escaped income cumulatively meets the statutory monetary threshold under the Fourth Proviso to Section 153A; provisional opinion or conjecture is insufficient. Because the Satisfaction Note did not record reasons showing escaped income amounts or likelihood to meet the threshold, the subsequent notices were held unsustainable and quashed. The assessing officer may re-examine and reissue notices only after recording a fresh, material-based satisfaction that the monetary threshold is likely met. Case-Laws Income Tax Fri, 24 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467137