Section 153C | CIT (Appeals) must examine issue of recording of satisfaction 

R.N. Shetty Trust Vs ACIT (ITAT Bangalore)

As per Section 153C of the Act, the Assessing Officer of searched person shall proceed against such other person on reaching satisfaction that any undisclosed income belonging to such other person over whom he has no jurisdiction then he has to transmit the seized material to the Assessing Officer having jurisdiction over such other person, in such a case, the Assessing Officer who has jurisdiction will proceed against such other person by issuing Notice as contemplated u/s. 153C r.w.s. 153A of the Act. In the

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