Dismissing the appeal of the Revenue the Court held that the Tribunal has explicitly held that no addition has been made on the basis of any incriminating material found during the course of search. It is settled law that the date of initiation of assessment proceedings under S. 153C would be calculated from the date of handing over of the books of accounts, documents or assets seized to the jurisdictional AO of the non-searched person and not from the date of search. Therefore, the relevant assessment year in the present case would come under the block of six assessment years immediately preceding the assessment year in which the satisfaction note was recorded by the AO of the assessee companies. Section  292B is  not attracted on the facts of the case. Order of Tribunal deleting the addition is affirmed. (AY.2011-12)