https://www.taxtmi.com/caselaws?id=56018 Additional evidence bearing on ownership of assets and source of funds was treated as relevant to a fair determination, so it was admitted and the matter was remitted for fresh assessment after further inquiry. Section 158BD was described as applicable only where the Assessing Officer first reaches satisfaction that undisclosed income belongs to a person other than the searched person, and that satisfaction must exist before notice is issued. Separate proceedings against the husband did not prevent the assessee from explaining that assets standing in her name were acquired from her own funds, so the source of the assets and investments required re-examination. en-us Wed, 20 Dec 2000 00:00:00 +0530 Wed, 01 Dec 2010 11:31:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56018 Additional evidence bearing on ownership of assets and source of funds was treated as relevant to a fair determination, so it was admitted and the matter was remitted for fresh assessment after further inquiry. Section 158BD was described as applicable only where the Assessing Officer first reaches satisfaction that undisclosed income belongs to a person other than the searched person, and that satisfaction must exist before notice is issued. Separate proceedings against the husband did not prevent the assessee from explaining that assets standing in her name were acquired from her own funds, so the source of the assets and investments required re-examination. Case-Laws Income Tax Wed, 20 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56018