This Digest of case laws is prepared by KSA Legal and AIFTP from judgements reported in BCAJ, CTR, DTR, ITD, ITR, ITR (Trib), Chamber's Journal, SOT, Taxman, TTJ, BCAJ, ACAJ, www.itatonline.org and other journals
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S. 153C : Assessment-Income of any other person-Search-Belongs or belongs to-Pertains or pertaining-Search conducted prior to date of amendment-Prior to and after amendment by Finance Act, 2015, with effect from 1-6-2015-Amendment brought to section 153C vide Finance Act, 2015 shall be applicable to searches conducted under section 132 before 1-6-2015, i.e., date of amendment. [S. 132, Art. 136]

ACIT v. Anilkumar Gopikishan Agrawal (2023) 454 ITR 531 /294 Taxman 68 / 334 CTR 220 (SC) Editorial : Anilkumar Gopikishan Agrawal v. ACIT (2019) 418 ITR 25 (Guj)(HC), reversed.

S. 153C : Assessment-Income of any other person-Search-No incriminating material is found-Deletion of addition is justified-Department at liberty to initiate reassessment proceedings in accordance with law.[S. 132, 147, 148]

Dy. CIT v. U. K. Paints (Overseas) Ltd. (2023)454 ITR 441/ 294 Taxman 72 / 334 CTR 217 (SC) Editorial : From the Judgement of Delhi High Court, ARN Infrastructure Ltd v.ACIT (2017) Delhi)(HC), BJN Holdings lTD v. Dy.CIT (2020) 15 ITR-OL 408 (Delhi)(HC), PCIT v. Ankush Salija (2019) 419 ITR 431 (Delhi)(HC), ITA No. 904 pf 2017 dt 30-10-2017, ITA No. 73 of 2017 dt. 6-3-2019 (Bom)(HC), ITA No. 1252 & 1251 of 2016 dt. 4-1-2019 (Bom)(HC)

S. 153C : Assessment-Income of any other person-Search-Share capital-Cash credits-Bogus accommodation entries-No incriminating material brought on record -SLP of Revenue is dismissed.[S.68, 132, 153A]

PCIT (C) v. Panchmukhi Management Services Pvt. Ltd. (2023)456 ITR 358/294 Taxman 423 (SC) Editorial : PCIT v. Panchmukhi Management Services Pvt. Ltd. (2023) 456 ITR 332 / 153 taxmann.com 297 (Delhi)(HC)

S. 153A : Assessment-Search-No incriminating material-Unabated assessments-No addition can be made-Order of Tribunal is affirmed. [S. 132, Art.226]

PCIT v. Saroj Sudhir Kothari (2023) 154 taxmann.com 359 (Bom)(HC) Editorial: SLP of Revenue, dismissed, PCIT v. Saroj Sudhir Kothari (2023) 294 Taxman 598 (SC)

S. 153A : Assessment-Search-Ledge account-Not incriminating material-Unabated and concluded assessment-Addition cannot be made. [S. 132, 143(3), 153A(1)(b)]

PCIT v. Kutch Salt and Allied Industries Ltd. (2023) 457 ITR 44 / 294 Taxman 124 (Guj.)(HC)

S. 153A : Assessment-Search-Ledge account-Not incriminating material-Unabated and concluded assessment u/s 143(1)-Failure to deduct tax at source-No disallowance can be made. [S.10 (26), 40(a)(ia), 132, 143(1)]

PCIT v. Shyama Power India Ltd. (2023) 294 Taxman 652 /(2024)461 ITR 350 (Gau.)(HC)

S. 153A : Assessment-Search-Alleged bogus long-term capital gains-No incriminating material-assessments cannot be substantiated. [S.45, 68, 69C, 132]

PCIT v. Rajesh Mohanbhai Patel (2023) 294 Taxman 279 (Guj)(HC)

S. 153A : Assessment-Search-No incriminating material was found-Share capital-Investor companies had ample funds to make investment in share capital-Opportunity of cross examination was not provided-Deletion of the addition was affirmed. [S. 68, 260A]

PCIT v. JPM Tools Ltd. (2023) 154 taxmann.com 44 (Delhi)(HC) Editorial : SLP of Revenue is dismissed, PCIT v. Jay Ace Technologies Ltd. (2023) 294 Taxman 602 (SC)

S. 153A : Assessment-Search or requisition-Total income-Completed Assessments remain unabated -No addition permissible for such years in absence of incriminating material having been found in search – Completed or unabated assessments can be reopened under Section 147 or 148 of the Act-Miscellaneous application of Revenue is dismissed. [2(45), 131, 132, 132A, 143(1), 143(3), 147, 148, 150(2), 285BA]

PCIT v. Abhisar Buildwell (P.) Ltd. (2023) 294 Taxman 70/ 332 CTR 729/ 225 DTR 497 (SC) Editorial : Refer, PCIT v. Abhisar Buildwell P. Ltd. (2023)454 ITR 212/ 293 Taxman 141/ 332 CTR 385/ 225 DTR 105 (SC)

S. 153A : Assessment-Search-No incriminating material-Addition cannot be made in respect of unabated assessments-SLP of Revenue is dismissed. [S. 132 Art. 136]

PCIT v. Saroj Sudhir Kothari (2023) 455 ITR 379/294 Taxman 598 (SC) Editorial : PCIT v. Saroj Sudhir Kothari (2023) 154 taxmann.com 359 (Bom)(HC)