https://www.taxtmi.com/caselaws?id=471285 Section 153C(1) requires the Assessing Officer of the searched person to record satisfaction that seized books or documents pertain to another person, or that their information relates to that person. The Assessing Officer having jurisdiction over that other person must separately be satisfied that the material bears on determination of total income, even where the same officer assesses both persons. Describing seized notebooks as relating only to the searched person's money-lending business does not meet this jurisdictional condition. A later, contradictory assertion that the same material belongs to the other person cannot cure the defect. Section 292B does not validate failure to satisfy this mandatory condition precedent; resulting proceedings and assessments are void ab initio. en-us Fri, 28 Feb 2025 00:00:00 +0530 Thu, 27 Aug 2026 17:05:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471285 Section 153C(1) requires the Assessing Officer of the searched person to record satisfaction that seized books or documents pertain to another person, or that their information relates to that person. The Assessing Officer having jurisdiction over that other person must separately be satisfied that the material bears on determination of total income, even where the same officer assesses both persons. Describing seized notebooks as relating only to the searched person's money-lending business does not meet this jurisdictional condition. A later, contradictory assertion that the same material belongs to the other person cannot cure the defect. Section 292B does not validate failure to satisfy this mandatory condition precedent; resulting proceedings and assessments are void ab initio. Case-Laws Income Tax Fri, 28 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471285