Saloni Narang: Invalid Swiss Reference Can't Extend Limitation:
A Question of Timing: The Limitation Challenge
The has dismissed the 's appeal against an order that quashed a for 2006-07 as . The case centered on whether a reference to —later deemed invalid—could extend the under .
The Division Bench of Justices Dinesh Mehta and Rajneesh Kumar Gupta heard the Revenue's challenge to an () order that had allowed the appeal of Smt. Saloni Narang, the taxpayer.
The Invalid Swiss Reference
The dispute arose from a search conducted at Narang's residential premises in . The Department alleged she maintained an account in Geneva, Switzerland, and made an addition of ₹1.59 crore to her income based on information concerning that account.
Before the , Narang argued the assessment was . The Revenue contended the stood extended by one year under because a reference had been made to under the (DTAA).
However, the found the reference itself invalid. The Department had sought information for the period , to . But the amended Article 26 of the DTAA, pursuant to the , permits only for fiscal years beginning on or after . The reference covering pre-2011 data was therefore impermissible. As the Revenue had not received any information concerning transactions before , the held the reference could not be used to extend the .
The That Sealed the Case
Before the High Court, Senior Counsel for Narang submitted that even taking the Revenue's best arguments, the appeal was liable to be rejected in view of the court's recent judgment in Principal Commissioner of Income Tax, Central-1, Delhi v. Sanjay Jain (:DHC:585-DB). That ruling followed and elaborated on the earlier decision in Principal Commissioner of Income Tax, Central-1, Delhi v. Smt. Sneh Lata Sawhney (:DHC:3617-DB).
Revenue counsel could not controvert this position.
Final Verdict
The court dismissed the appeal, stating: "We are of the considered opinion that the appeal is liable to be dismissed in light of the judgment of this Court in the case of Sneh Lata Sawhney () which has further been followed and elaborated by this Court in the case of Sanjay Jain ()."
The ruling reinforces that a flawed reference to foreign tax authorities cannot be used to extend statutory limitation periods for search assessments, ensuring taxpayers are not subjected to indefinite scrutiny based on invalid information requests.