https://www.taxtmi.com/caselaws?id=469190 Section 153C can be invoked only where the search Assessing Officer records satisfaction that seized money, assets, books or documents belong to, or relate to, a person other than the searched person, and the seized material has a direct nexus with the relevant assessment year. The Tribunal found that this condition precedent was not established and that the record did not show incriminating material belonging to the assessee company to support the additions. The notice under section 153C was therefore invalid on the facts found, the additions could not be sustained, and the Revenue's challenge failed. en-us Tue, 16 Jan 2024 00:00:00 +0530 Tue, 09 Jun 2026 12:59:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469190 Section 153C can be invoked only where the search Assessing Officer records satisfaction that seized money, assets, books or documents belong to, or relate to, a person other than the searched person, and the seized material has a direct nexus with the relevant assessment year. The Tribunal found that this condition precedent was not established and that the record did not show incriminating material belonging to the assessee company to support the additions. The notice under section 153C was therefore invalid on the facts found, the additions could not be sustained, and the Revenue's challenge failed. Case-Laws Income Tax Tue, 16 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469190