2023 Supreme(SC) 402
M. R. SHAH, SUDHANSHU DHULIA
Principal Commissioner of Income Tax, Central-3 – Appellant
Versus
Abhisar Buildwell P. Ltd. – Respondent
Advocates appeared:
For Parties Mr. N Venkataraman, A.S.G. Mr. Arijit Prasad, Sr. Adv. Mr. S A Haseeb, Adv. Mr. Zoheb Hussain, Adv. Ms. Gargi Khanna, Adv. Ms. Niranjana Singh, Adv. Mr. Prahlad Singh, Adv. Mr. Rajan Kumar Choursia, Adv. Mr. Prashant Singh II, Adv. Ms. Alka Agarwal, Adv. Mr. Raghvendra Shukla, Adv. Ms. Shruti Shivkumar, Adv. Mr. V. Chandrashekhar Balaji, Adv. Ms. Amritha Chandra Mouli, Adv. Mr. Rahul Vijaya Kumar, Adv. Mr. Raj Bahadur Yadav, AOR Mr. Amrish Kumar, AOR Mrs. Anil Katiyar, AOR Mr. Kavin Gulati, Sr. Adv. Mr. Pawanshree Agrawal, AOR Ms. Soumya Dhankani, Adv. Ms. Shubhangi Negi, Adv. Mr. Praveen Swarup, AOR Mr. Salil Kapoor, Adv. Mr. Sumit Lalchandani, Adv. Ms. Ananya Kapoor, Adv. Mr. Sanat Kapoor, Adv. Mr. Rahul Tomar, Adv. Mr. Chandr Pratap Singh, Adv. Mr. Ajay Kumar Giri, Adv. Mr. Prateesh Kapoor, Sr. Adv. Ms. Sheena Taqui, Adv. Ms. Akansha Saini, Adv. Mr. Dhvanit Chopra, Adv. Mr. Shiv Vinayak Gupta, Adv. Mrs. Bina Gupta, AOR Mr. Ved Jain, Adv. Mr. Nischay Kantoor, Adv. Ms. Richa Mishra, Adv. Mr. Subodh S. Patil, AOR Mr. Sameer Rohatgi, Adv. Mr. Kartikey Singh, Adv. Mr. Sourabh Tandon, Adv. Ms. Ranjeeta Rohatgi, AOR M/S. Khaitan & Co., AOR Mr. Atul Shankar Mathur, Adv. Mrs. Priya Singh, Adv. Mr. Shubhankar, Adv. Ms. Apoorva Jha, Adv. Mr. Arvind P. Datar, Sr. Adv. Mr. Pratap Venugopal, Adv. Ms. Surekha Raman, Adv. Mr. Sandeep Bagmar, Adv. Mr. Akhil Abraham Roy, Adv. Mr. Nishith Patel, Adv. Mr. Abhishek Anand, Adv. Ms. Unnimaya S., Adv. M/S. K J John And Co, AOR Ms. Kavita Jha, AOR Mr. Rohit Jain, Adv. Mr. Aniket D Agrawal, Adv. Mr. Vaibhav Kulkarni, Adv. Mr. Rupesh Kumar, AOR Ms. Pankhuri Shrivastava, Adv. Ms. Neelam Sharma, Adv. Mr. Salil Aggarwal, Sr. Adv. Mr. Bhargava V. Desai, AOR Mr. Rahul Gupta, Adv. Mr. Siddhartha Chowdhury, Adv. Mr. Mahir Aggarwal, Adv. Mr. Deepanshu, Adv. Mr. Praveen Swarup, AOR Mr. Siddharth Ranka, Adv. Mr. A. Karthik, AOR Mr. Arsh Khan, Adv. Mr. Vikas Mehta, AOR Mr. Tarun Gupta, AOR Mr. Prakul Khurana, Adv. Mr. Rajat Sharma, Adv. Mr. Abhishek Sharma, Adv. Mr. Atul Kumar, Adv. Mr. Yatinder Chaudhary, Adv. Mr. Davinder Singh Khurana, Adv. Mr. Manoj Rajpoot, Adv. Mr. Vikrant, Adv. Dr. Rakesh Gupta, Adv. Mr. Ambhoj Kumar Sinha, AOR Mr. Somil Agarwal, Adv. Mr. Anshul Mittal, Adv. Mr. Subas Chandra Acharya, Adv. Mr. Akash Agarwala, Adv. Mr. Harsh Raj Singh, Adv. Mr. Ambhoj Kumar Sinha, AOR
JUDGMENT :
M.R. Shah, J.
1. As common question of law and facts arise in this group of appeals, they are being disposed of by this common judgment and order.
Civil Appeal No. 6580 of 2021 and other connected appeals as mentioned above have been preferred by the Revenue. However Civil Appeal No. 15617 of 2017 and other allied appeals as mentioned above have been preferred by the respective assessees challenging the order passed by the respective High Courts taking the view that in case any incriminating material is found during search then even completed assessments can be assessed or reassessed taking into consideration the incriminating material and other material in possession of the Assessing Officer.
1.1 For the sake of convenience, Civil Appeal No. 6580 of 2021 filed by the Revenue be treated and considered as the lead matter.
2. The core issue involved in the present batch of appeals is the scope of assessment under section 153A of the Income Tax Act, 1961 (hereinafter referred to as the ‘Act, 1961’). According to the Revenue, the Assessing Officer (hereinafter referred to as
Click Here to Read the rest of this document
Back
