Super Malls Private Limited vs Principal Commissioner Of Income Tax

Whether the satisfaction note recorded by the Assessing Officer under Section 153C of the Income Tax Act, 1961, for initiating proceedings against a third party (assessee) based on documents seized from a searched person was valid and complied with statutory requirements --- Held Yes, the Supreme Court upheld the High Court's finding that there was sufficient compliance, particularly noting that the Assessing Officer of the searched person and the assessee was the same, and the satisfaction note explicitly stated the seized documents belonged to the assessee.