Facts of the Case
A search and seizure operation under Section 132 of
the Income-tax Act, 1961 was conducted in the case of the assessee, Shri
Surendra Kumar Garg, Allahabad. Pursuant to the search, proceedings under
Section 153A were initiated, requiring the assessee to file returns for the
relevant assessment years. During assessment, the Assessing Officer made
additions treating certain amounts as undisclosed income.
The assessee contested the additions, contending
that the impugned amounts were not based on any incriminating material discovered
during the search and that the assessments for the relevant years had already
attained finality prior to the search.
Issues Involved
Whether additions can be validly made in
proceedings under Section 153A for assessment years where assessments had already
been completed, in the absence of any incriminating material found during the
search.
Petitioner’s (Revenue’s) Arguments
The Revenue contended that once a search is
conducted, the Assessing Officer is empowered under Section 153A to reassess or
recompute the total income of the assessee for the relevant assessment years.
It was argued that the scope of Section 153A is wide and permits additions even
without specific incriminating material, as the provision mandates fresh
assessment of income.
Respondent’s (Assessee’s) Arguments
The assessee argued that additions made by the
Assessing Officer were unsustainable because they were not based on any
material unearthed during the search. It was submitted that completed
assessments cannot be reopened or disturbed in Section 153A proceedings unless
supported by incriminating evidence discovered during the search operation. The
assessee maintained that the additions were arbitrary and beyond the
permissible scope of the provision.
Court Order / Findings (ITAT)
The Tribunal examined the statutory framework of
Sections 132 and 153A and the material available on record. It observed that
where assessments for certain years had already been completed prior to the
search, additions in Section 153A proceedings must be supported by
incriminating material found during the search.
In the absence of such material, the Assessing
Officer is not justified in making additions merely on review or
reconsideration of earlier records. The Tribunal therefore held that additions
not based on search-related evidence cannot be sustained for completed
assessment years.
Important Clarification
The decision reiterates the settled legal principle
that Section 153A does not grant unfettered power to reassess concluded
matters. For non-abated (completed) assessment years, additions must be founded
on incriminating material discovered during the search. This ruling provides
important guidance for taxpayers facing post-search assessments.
Link to download the order –https://itat.gov.in/public/files/upload/1589349057-SK%20GARG-183.pdf
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