Facts of the Case
A search and seizure operation under
section 132(1) of the Income-tax Act, 1961 was conducted on 03.02.2011 in the
Ramji Vaish Group, including the assessee, Shri Ramji Vaish, Allahabad.
Pursuant to the search, assessments for Assessment Years 2005-06 to 2011-12
were initiated under section 153A read with section 143(3).
Approval under section 153D was
obtained from the Joint Commissioner of Income Tax on 26.03.2013, and all
assessment orders were passed on 30.03.2013, i.e., at the end of the limitation
period. The Assessing Officer made multiple additions on account of alleged
unexplained investments, cash deposits, unsecured loans, gifts, and large
additions based on entries recorded in seized diaries marked as Annexure A-4
and A-5.
The Commissioner of Income Tax
(Appeals) partly confirmed and partly deleted the additions. Aggrieved by the
appellate orders, the assessee filed multiple appeals before the Tribunal for
different assessment years.
Issues Involved
- Whether approval granted under section 153D in a
mechanical manner vitiates the assessments framed under section 153A.
- Whether completed assessments can be disturbed
under section 153A in the absence of incriminating material found during
search.
- Whether additions based on seized diaries and
loose papers, alleged to be dumb documents, are legally sustainable.
- Whether large additions for cash deposits,
investments, gifts, and loans could be sustained without corroborative
evidence.
Petitioner’s (Assessee’s) Arguments
The assessee contended that the
approval under section 153D was granted mechanically on a single day for more
than 45 group cases covering multiple assessment years, without due application
of mind or examination of seized material, rendering the entire assessment
proceedings void ab initio.
It was further argued that for several
assessment years, the original assessments had already attained finality on the
date of search and no incriminating material was found during the search.
Therefore, additions under section 153A were impermissible in law.
The assessee submitted that the
diaries marked as Annexure A-4 and A-5 were rough notings, imaginary entries,
and dumb documents without any corroborative evidence. It was also contended
that affidavits filed before the lower authorities were ignored and no
statements were recorded to rebut the same. Consequently, additions made solely
on the basis of such documents were unsustainable.
Respondent’s (Revenue’s) Arguments
The Revenue relied upon the assessment
orders and the orders of the CIT(A), contending that the seized diaries and
loose papers revealed undisclosed income of the assessee. It was argued that
approval under section 153D was valid and that the additions made on account of
unexplained investments, cash deposits, and diary entries were justified on
facts and in law.
Court Order / Findings
The Tribunal held that approval under
section 153D is a mandatory jurisdictional requirement and must reflect due
application of mind. Grant of approval for a large number of assessments on a
single day, without examination of records and seized material, was held to be
mechanical and invalid in law.
The Tribunal further held that in
respect of completed assessments, additions under section 153A cannot be
sustained in the absence of incriminating material found during the search. The
diaries and loose papers relied upon by the Assessing Officer were held to be
dumb documents, as they were uncorroborated and unsupported by independent
evidence.
Accordingly, substantial additions
made and sustained by the lower authorities across various assessment years
were deleted or set aside. The appeals filed by the assessee were allowed to
the extent indicated, and the assessments were held to be vitiated on legal
grounds.
Important Clarification
The Tribunal clarified that approval
under section 153D is not an empty formality and mechanical approval strikes at
the root of jurisdiction. Further, additions under section 153A must be based
on incriminating material found during search, and rough diaries or loose
papers without corroborative evidence cannot form the sole basis for making
additions in search assessments.
Link to download the order - https://www.mytaxexpert.co.in/uploads/1770633241_RAMJIVAISHALLAHABADVS.DCITCCALLAHABAD.pdf
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