https://www.taxtmi.com/caselaws?id=472434 Section 153C requires recorded satisfaction identifying seized material that pertains to the other person and bears on income for the relevant assessment year. Where the same Assessing Officer handles both the searched and other persons, separate satisfaction notes are unnecessary, but the recorded note must still establish that material-and-year nexus. Satisfaction limited to land-sale documents for assessment year 2010-11 could not support an unsecured-loan addition for assessment year 2012-13 based on a different bundle; the addition was therefore outside the valid scope of the proceedings and deleted. en-us Mon, 21 Apr 2025 00:00:00 +0530 Tue, 13 Oct 2026 04:47:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472434 Section 153C requires recorded satisfaction identifying seized material that pertains to the other person and bears on income for the relevant assessment year. Where the same Assessing Officer handles both the searched and other persons, separate satisfaction notes are unnecessary, but the recorded note must still establish that material-and-year nexus. Satisfaction limited to land-sale documents for assessment year 2010-11 could not support an unsecured-loan addition for assessment year 2012-13 based on a different bundle; the addition was therefore outside the valid scope of the proceedings and deleted. Case-Laws Income Tax Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472434