PR. COMMISSIONER OF INCOME TAX (CENTRAL)-3 v. SURYA VINAYAK INDUSTRIES LTD

Delhi High Court · 23 May 2017 · 2017:DHC:8744-DB
S. Muralidhar; Vinod Goel
ITA 332/2017
2017:DHC:8744-DB
tax appeal_dismissed Significant

AI Summary

The Delhi High Court dismissed the Revenue's appeals, affirming that no additions can be made under assessments framed under Section 153G/143(3) without incriminating material found during search proceedings.

Full Text
Translation output
$-1-5.
HIGH COURT OF DELHI
ITA 332/2017
PR. COMMISSIONER OF INCOME TAX (CENTRAL)-3
VERSUS
SURYA VINAYAK INDUSTRIES LTD ITA333^7^
VERSUS
SURYA VINAYAK INDUSTRIES LTD.
ITA 334/2017
INCOME TAX(CENTRAL)-3
VERSUS
ITA 335/2017
VERSUS
SURAY VINAYAK INDUSTRIES LTD;
ITA 373/2017
VERSUS
Appellant Respondent Appellant Appellant Appellant
Appellant ITAs No.332, 333, 334, 335 & 373 of2017 Page 1 of3
2017:DHC:8744-DB
Through: Mr,Rahul Chaudhary, Advocate for the Appellants.
Mr.Shashwat Bajpai, Advocate for the Respondents
CORAM: JUSTICE S.MURALIDHAR JUSTICE VINOD GOEL
23.05.2017 C.M.No.16644/2017 (Exemptions) in ITA No.332/2017
C.M.No.16646/2017 (Exemptions) in ITA No.333/2017
C.M.No.16649/2017 (Exemptions) in ITA No.335/2017
C.M.No.17103/2017 (Exemptions) in ITA No.373/2017
ORDER

1. Allowed subject to all just exceptions C.M.No.16645/2017 (delay in filing) in ITA No.332/2017 C.M.No.16647/2017 (delay in filing) in ITA No.333/2017 C.M.No.16648/2017 (delay in filing) in ITA No.334/2017 C.M.No.16650/2017 (delay in filing) in ITA No.335/2017 C.M.No.17104/2017 (delay in filing) in ITA No.373/2017

2. For the reasons explained in the applications, the delay in filing the appeals are condoned. The applications are disposed of. ITAs No.332/2017.333/2017.334/2017,335/2017.373/2017

3. These are appeals filed by the Revenue against the common order dated IS^'^ July, 2017 passed by the Income Tax Appellate Tribunal (ITAT) inITA Nos.3154 to 3157/Del/2011 for the Assessment Years 2001-02 to 2005-06.

4. Two issues raised in these appeals are whether the ITAT erred in law in holding that: ITAs No.332, 333, 334, 335 &373 of2017 Page 2of[3]

(i) the assessment framed by Assessing Officer under Section 153G/143(3)

(ii) No addition could be made in case no incriminating material is found during the course of search?

5. In deciding both questions against the Revenue and in favour of the Assessee the ITAT has relied on the decisions of this Court in CIT v. J. H. Finvest Pvt. Ltd. (decision dated 30th November 2015 in ITA 27 of 2015) and Commissioner of Income Tax v. Kabul Chawla (2016)380 ITR 573 (Del).

6. The Court is of the view that no substantial question of law arises from the impugned order of the ITAT. In that view of the matter, the appeals are dismissed. MAY 23,2017 'anb' S.MURALIDHAR, J VINOD GOEL, J ITAs No.332, 333, 334, 335 &373 of2017 Page 3 of[3]