https://www.taxtmi.com/caselaws?id=788961 A consolidated satisfaction note for multiple assessment years under section 153C must identify the seized material and its year-wise nexus with sufficient clarity. Where the note is recorded in composite form without bifurcation of amounts or specific entries linked to each year, the jurisdictional requirement is not met and the resulting reassessment cannot stand. Applying that principle, a mechanically consolidated note was held invalid and the assessment under section 153C was quashed, leaving the remaining grounds academic. en-us Fri, 20 Feb 2026 00:00:00 +0530 Wed, 01 Apr 2026 07:51:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788961 A consolidated satisfaction note for multiple assessment years under section 153C must identify the seized material and its year-wise nexus with sufficient clarity. Where the note is recorded in composite form without bifurcation of amounts or specific entries linked to each year, the jurisdictional requirement is not met and the resulting reassessment cannot stand. Applying that principle, a mechanically consolidated note was held invalid and the assessment under section 153C was quashed, leaving the remaining grounds academic. Case-Laws Income Tax Fri, 20 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788961