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Case lawHigh Court › CIT v RRJ Securities Ltd
High CourtHelps taxpayerValidity unconfirmeds.153Cs.153As.153C(1)s.132s.69C

CIT v RRJ Securities Ltd

Papers of mine were seized in a search on somebody else and I have got notices under section 153C for six years. Which six years, and can completed assessments be reopened when the papers show nothing?

Papers of mine were seized in a search on somebody else and I have got notices under section 153C for six years. Which six years, and can completed assessments be reopened when the papers show nothing?

It depends, and here the answer was no on both counts. The Delhi High Court held that for a person other than the searched person, the six assessment years under section 153C run from the date the seized material is handed over to his Assessing Officer - here the satisfaction note of 8 September 2010 - not from the date of the search. Assessment years 2003-04 and 2004-05 were therefore outside the section. It further held that completed assessments cannot be reopened where the seized documents have no bearing on those years. The Revenue's appeals were dismissed.

Decided by the High Court (High Court of Delhi - Dr Justice S. Muralidhar and Mr Justice Vibhu Bakhru (judgment by Vibhu Bakhru, J)) on 2015-10-30, reported as ITA 164/2015 and connected matters (Delhi High Court). It bears on section 153C, section 153A, section 153C(1), section 132, section 69C of the Income Tax Act 1961, in Search, Survey & Block Assessment and Reassessment & Reopening matters.

Validity check could not be completed. I read the surviving text through to the operative order dismissing the appeals, so the holding itself is not in doubt. I could not check, from the material before me, whether section 153C has been amended since 2015 in a way that affects the reckoning of the six years, or whether this judgment has been considered by the Supreme Court, so I do not assert that it is good law today. Date scope: s.153A(1) by its closing limb, and s.153C by its sub-section (3), reach no search initiated on or after 1 April 2021, but this entry is not spent by that — a search initiated between 1 April 2021 and 31 August 2024 is, by force of s.152(3), a reassessment under ss.147 to 151 as they stood immediately before the Finance (No. 2) Act 2024, and the first proviso to s.149(1) in that frozen form bars a s.148 notice for any assessment year beginning on or before 1 April 2021 which could not have been reached within the time limits of s.153A or s.153C as they stood before the Finance Act 2021, so the reckoning of the block of assessment years worked out here is imported into that middle window and continues to decide those cases and must not be treated as spent; only a search initiated on or after 1 September 2024, which falls under the substituted Chapter XIV-B, is outside it.

Why it matters

Two of the most-used propositions on section 153C come from this judgment. The first shifts the six-year block forward to the date of handing over, which routinely knocks out the earliest one or two years the department has assessed; the Court's reason is that on the Revenue's reading the non-searched person would be exposed to a longer reach-back than the searched person himself, which the scheme cannot have intended. The second carries Kabul Chawla across from section 153A: a concluded assessment survives unless incriminating material is seized. It also resolves the tension in SSP Aviation - the searched person's officer need not judge whether the document shows undisclosed income, but the recipient officer may not press on when the document plainly has no bearing on the years in question. The Pepsico point on "belongs to" is applied too: a chartered accountant's working papers about a client do not belong to the client.

Binding within that High Court's jurisdiction. Persuasive elsewhere.

Not yet CA-verified. This entry was found through the sources listed under the Sources tab, and the summary reflects what those sources say. Nobody has yet read the full judgment and signed it off. Check the source before relying on it.

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