https://www.taxtmi.com/caselaws?id=788052 Jurisdictional AO's recorded satisfaction to initiate reassessment proceedings based on seized or requisitioned material was held legally deficient and therefore invalid. The Tribunal applied the principle that invocation of search linked reassessment powers is not mechanical: the satisfaction must be dated, reasoned, and identify, year wise, how specific seized material prima facie bears on determination of the assessee's income. Because the satisfaction note was undated, not separated by assessment year and lacked reasons linking materials to income, the resulting reassessment orders were quashed and the appeals allowed for the assessee. en-us Thu, 12 Mar 2026 00:00:00 +0530 Mon, 16 Mar 2026 08:42:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788052 Jurisdictional AO's recorded satisfaction to initiate reassessment proceedings based on seized or requisitioned material was held legally deficient and therefore invalid. The Tribunal applied the principle that invocation of search linked reassessment powers is not mechanical: the satisfaction must be dated, reasoned, and identify, year wise, how specific seized material prima facie bears on determination of the assessee's income. Because the satisfaction note was undated, not separated by assessment year and lacked reasons linking materials to income, the resulting reassessment orders were quashed and the appeals allowed for the assessee. Case-Laws Income Tax Thu, 12 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788052