https://www.taxtmi.com/caselaws?id=797769 Section 153C requires the Assessing Officers of both the searched person and the other person to record jurisdictional satisfaction. Assessment limitation runs from handover of seized material, and a later satisfaction record does not invalidate proceedings absent breach of a prescribed timeline or demonstrated prejudice. Cross-examination and supply of a third party's statement are required only when the statement underpins an adverse addition; seized spreadsheet evidence and corroborating transaction data may instead support the addition. A satisfaction note need not finally quantify undisclosed income. Where electronic records support cash consideration for jointly acquired property, the addition requires recomputation according to the assessee's verified ownership share. en-us Tue, 18 Aug 2026 00:00:00 +0530 Thu, 27 Aug 2026 08:28:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797769 Section 153C requires the Assessing Officers of both the searched person and the other person to record jurisdictional satisfaction. Assessment limitation runs from handover of seized material, and a later satisfaction record does not invalidate proceedings absent breach of a prescribed timeline or demonstrated prejudice. Cross-examination and supply of a third party's statement are required only when the statement underpins an adverse addition; seized spreadsheet evidence and corroborating transaction data may instead support the addition. A satisfaction note need not finally quantify undisclosed income. Where electronic records support cash consideration for jointly acquired property, the addition requires recomputation according to the assessee's verified ownership share. Case-Laws Income Tax Tue, 18 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797769