https://www.taxtmi.com/caselaws?id=57640 Section 158BD can be invoked only when the Assessing Officer, on the basis of search-derived material, reaches an objectively justifiable prima facie satisfaction that undisclosed income belongs to a person other than the searched person. Mere issuance of notice cannot replace this jurisdictional foundation, and proceedings cannot rest on unsupported assertion or on reappraisal of facts already known to the Department. Where no material emerges from the search to indicate undisclosed income of the other person, the notice is not justified and the resulting assessment is invalid. en-us Fri, 09 Jul 2004 00:00:00 +0530 Wed, 03 Jul 2024 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57640 Section 158BD can be invoked only when the Assessing Officer, on the basis of search-derived material, reaches an objectively justifiable prima facie satisfaction that undisclosed income belongs to a person other than the searched person. Mere issuance of notice cannot replace this jurisdictional foundation, and proceedings cannot rest on unsupported assertion or on reappraisal of facts already known to the Department. Where no material emerges from the search to indicate undisclosed income of the other person, the notice is not justified and the resulting assessment is invalid. Case-Laws Income Tax Fri, 09 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57640