Facts of the Case
The Revenue filed multiple appeals before the Delhi High Court
under Section 260A challenging the ITAT order for AYs 2008–09, 2009–10, and
2010–11.
- The
Assessing Officer (AO) made additions under Sections 68 and 69C alleging
unexplained credits and expenses.
- These
additions were made during assessment under Section 153A following a
search under Section 132.
- The
CIT(A) and ITAT deleted the additions on the ground that:
- No
incriminating material was found during the search.
- The
assessments had already attained finality before the search.
The Revenue challenged this deletion relying on broader
interpretation of Section 153A.
Issues Involved
- Whether
additions under Sections 68 and 69C can be made in Section 153A
proceedings without incriminating material?
- Whether
completed (non-abated) assessments can be reassessed under Section 153A
without new evidence?
- Whether reliance on CIT vs Kabul Chawla is justified?
Petitioner’s Arguments (Revenue)
- Section
153A mandates assessment of total income for six years irrespective of
incriminating material.
- ITAT
wrongly relied solely on CIT vs Kabul Chawla without examining
merits.
- The
decision in Kabul Chawla is under challenge before the Supreme
Court.
- Incriminating
materials were allegedly found during search.
- Assessments had not attained finality as per Revenue’s interpretation.
Respondent’s Arguments (Assessee)
- No
incriminating material was found during the search.
- Assessments
were already completed and not pending (non-abated).
- All
transactions (share capital, premium, etc.) were properly documented and
verified.
- Additions
under Sections 68 and 69C were unjustified and unsupported by evidence.
Court’s Findings / Order
The Delhi High Court dismissed all appeals filed by the
Revenue and held:
- Both
CIT(A) and ITAT recorded concurrent findings that:
- No
incriminating material was found during search.
- Assessments
had attained finality prior to the search.
- As
per settled law in CIT vs Kabul Chawla (2016) 380 ITR 573:
- No
addition can be made in respect of completed assessments without
incriminating material.
- The
Court emphasized:
- Section
260A jurisdiction is limited to substantial questions of law.
- Findings
of fact by ITAT cannot be interfered with unless perverse.
Final Order
- Appeals dismissed as devoid of merit.
Important Clarification by Court
- Completed
assessments (non-abated) cannot be disturbed under Section 153A
without incriminating material.
- Even
if SLP against Kabul Chawla is pending, binding precedent must
be followed in absence of stay.
- Section 153A does not permit arbitrary additions without nexus to seized material.
Link to download the order -https://delhihighcourt.nic.in/app/case_number_pdf/2021:DHC:2802-DB/MMH09092021ITA812020_221337.pdf
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