https://www.taxtmi.com/caselaws?id=469460 Search material found from a third party and used against an assessee had to be dealt with under section 153C, not by a regular assessment under section 143(3). The Tribunal held that, where the seized papers belonged to or pertained to the assessee, the Assessing Officer was required to follow the statutory safeguards of handing over the material, recording satisfaction and issuing notice under section 153C; section 153C(2) could not bypass those threshold requirements. It also held that the relevant year fell within the six-year block covered by section 153C. The assessment and consequential appellate proceedings were quashed as without jurisdiction. en-us Mon, 15 Apr 2024 00:00:00 +0530 Thu, 18 Jun 2026 17:30:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469460 Search material found from a third party and used against an assessee had to be dealt with under section 153C, not by a regular assessment under section 143(3). The Tribunal held that, where the seized papers belonged to or pertained to the assessee, the Assessing Officer was required to follow the statutory safeguards of handing over the material, recording satisfaction and issuing notice under section 153C; section 153C(2) could not bypass those threshold requirements. It also held that the relevant year fell within the six-year block covered by section 153C. The assessment and consequential appellate proceedings were quashed as without jurisdiction. Case-Laws Income Tax Mon, 15 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469460