https://www.taxtmi.com/caselaws?id=467901 Jurisdiction under section 153C could not be sustained for an unabated year where the alleged on-money addition rested not on incriminating material found in the assessee's own search, but on third-party material from an earlier search in another case. A separate satisfaction note was required before such material could be invoked against the assessee, and the absence of that recorded satisfaction meant the statutory precondition was not met. The assumption of jurisdiction was therefore bad in law, and the assessment was quashed. en-us Fri, 17 May 2024 00:00:00 +0530 Wed, 08 Apr 2026 20:27:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467901 Jurisdiction under section 153C could not be sustained for an unabated year where the alleged on-money addition rested not on incriminating material found in the assessee's own search, but on third-party material from an earlier search in another case. A separate satisfaction note was required before such material could be invoked against the assessee, and the absence of that recorded satisfaction meant the statutory precondition was not met. The assumption of jurisdiction was therefore bad in law, and the assessment was quashed. Case-Laws Income Tax Fri, 17 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467901