https://www.taxtmi.com/caselaws?id=468859 Jurisdiction under section 153C fails unless the recorded satisfaction shows that the seized material pertains to or relates to a person other than the searched person. A mere statement that the material belonged to the assessee does not satisfy the statutory precondition for third-party proceedings. As the Assessing Officer's satisfaction note did not properly establish the necessary nexus with the assessee, the Tribunal held that assumption of jurisdiction was invalid and quashed the assessment framed under section 153C read with section 143(3). en-us Thu, 08 Jan 2026 00:00:00 +0530 Sat, 23 May 2026 13:29:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468859 Jurisdiction under section 153C fails unless the recorded satisfaction shows that the seized material pertains to or relates to a person other than the searched person. A mere statement that the material belonged to the assessee does not satisfy the statutory precondition for third-party proceedings. As the Assessing Officer's satisfaction note did not properly establish the necessary nexus with the assessee, the Tribunal held that assumption of jurisdiction was invalid and quashed the assessment framed under section 153C read with section 143(3). Case-Laws Income Tax Thu, 08 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468859