https://www.taxtmi.com/caselaws?id=799504 Assessment of an other person on search-seized material must follow the prescribed procedure under section 153C, with satisfaction recorded separately for each relevant assessment year. The relevant assessment period is reckoned from the date the jurisdictional Assessing Officer receives the seized material. A consolidated satisfaction note covering multiple years does not satisfy that requirement, rendering the assessments for 2014-15 to 2017-18 invalid. Where additions for 2018-19 relied on seized material, assessment under section 143(3) without initiating section 153C proceedings and issuing the prescribed notice lacked jurisdiction. The relevant assessments were consequently unsustainable. en-us Wed, 12 Aug 2026 00:00:00 +0530 Wed, 23 Sep 2026 08:48:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799504 Assessment of an other person on search-seized material must follow the prescribed procedure under section 153C, with satisfaction recorded separately for each relevant assessment year. The relevant assessment period is reckoned from the date the jurisdictional Assessing Officer receives the seized material. A consolidated satisfaction note covering multiple years does not satisfy that requirement, rendering the assessments for 2014-15 to 2017-18 invalid. Where additions for 2018-19 relied on seized material, assessment under section 143(3) without initiating section 153C proceedings and issuing the prescribed notice lacked jurisdiction. The relevant assessments were consequently unsustainable. Case-Laws Income Tax Wed, 12 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799504