https://www.taxtmi.com/caselaws?id=798458 Extended assessment jurisdiction under the fourth proviso to Section 153A requires material showing that escaped income is represented by an identifiable asset specified in Explanation 2, together with the Assessing Officer's objective and independent recorded satisfaction. Loose papers alleging cash payments for land, without identifying or establishing acquisition of immovable property or another specified asset, do not satisfy these conditions. Material potentially supporting an unexplained-investment addition cannot replace the separate jurisdictional basis for extending the search-assessment period. Subsequent merits enquiries cannot cure an invalid notice; notices and consequential assessments issued without the required foundation are without jurisdiction. en-us Wed, 15 Jul 2026 00:00:00 +0530 Tue, 08 Sep 2026 08:42:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798458 Extended assessment jurisdiction under the fourth proviso to Section 153A requires material showing that escaped income is represented by an identifiable asset specified in Explanation 2, together with the Assessing Officer's objective and independent recorded satisfaction. Loose papers alleging cash payments for land, without identifying or establishing acquisition of immovable property or another specified asset, do not satisfy these conditions. Material potentially supporting an unexplained-investment addition cannot replace the separate jurisdictional basis for extending the search-assessment period. Subsequent merits enquiries cannot cure an invalid notice; notices and consequential assessments issued without the required foundation are without jurisdiction. Case-Laws Income Tax Wed, 15 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798458