https://www.taxtmi.com/caselaws?id=789389 Valid assumption of jurisdiction under section 153C depends on recording the requisite satisfaction within the permissible time after completion of the searched person's assessment. The note states that where satisfaction notes for both the searched person and the assessee are recorded only after the searched person's assessment has concluded, and beyond the period reflected in the governing legal position and CBDT circular, the jurisdictional precondition is not met. On that basis, belated satisfaction vitiates the initiation of proceedings and the assessment is treated as invalid. en-us Fri, 27 Feb 2026 00:00:00 +0530 Wed, 08 Apr 2026 08:56:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789389 Valid assumption of jurisdiction under section 153C depends on recording the requisite satisfaction within the permissible time after completion of the searched person's assessment. The note states that where satisfaction notes for both the searched person and the assessee are recorded only after the searched person's assessment has concluded, and beyond the period reflected in the governing legal position and CBDT circular, the jurisdictional precondition is not met. On that basis, belated satisfaction vitiates the initiation of proceedings and the assessment is treated as invalid. Case-Laws Income Tax Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789389