https://www.taxtmi.com/caselaws?id=470426 Section 153C assessments require additions to be founded on incriminating seized material identified in the assessee's jurisdictional satisfaction note and attributable to the relevant assessment year. Additions based on different annexures, including material relating to an amalgamated company that had ceased to exist, cannot be made in the assessee's hands without a fresh satisfaction that the material belonged to that assessee. A composite satisfaction recorded for multiple assessment years must also identify the seized material attributable to each year. The Section 153C proceedings and consequential assessments were therefore treated as invalid, and the assessee's relief was sustained. en-us Thu, 19 Dec 2024 00:00:00 +0530 Mon, 27 Jul 2026 19:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470426 Section 153C assessments require additions to be founded on incriminating seized material identified in the assessee's jurisdictional satisfaction note and attributable to the relevant assessment year. Additions based on different annexures, including material relating to an amalgamated company that had ceased to exist, cannot be made in the assessee's hands without a fresh satisfaction that the material belonged to that assessee. A composite satisfaction recorded for multiple assessment years must also identify the seized material attributable to each year. The Section 153C proceedings and consequential assessments were therefore treated as invalid, and the assessee's relief was sustained. Case-Laws Income Tax Thu, 19 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470426