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Case lawSupreme Court › Dy. CIT v U.K. Paints (Overseas) Ltd
Supreme CourtHelps taxpayers.153Cs.153As.148s.147

Dy. CIT v U.K. Paints (Overseas) Ltd

A section 153C assessment was made on me after a search on someone else, but nothing incriminating about me was found. Does the Abhisar Buildwell rule protect me too?

A section 153C assessment was made on me after a search on someone else, but nothing incriminating about me was found. Does the Abhisar Buildwell rule protect me too?

Yes. The Supreme Court dismissed a batch of Revenue appeals, holding that where no incriminating material was found during the search — either from the assessee or from the third party — the assessments under section 153C were rightly set aside by the High Court. The Court declined to interfere with those judgments. It did, however, record on the Revenue's request, made on the strength of Abhisar Buildwell, that it remains open to the Revenue to initiate reassessment proceedings under sections 147 and 148 in accordance with law, if that is permissible under the law.

Decided by the Supreme Court (Supreme Court of India — M.R. Shah J and C.T. Ravikumar J) on 2023-04-25, reported as Civil Appeal No. 6634 of 2021 with Civil Appeals Nos. 6656/2021, 6654/2021, 6653/2021, 7600/2019, 6744/2018, 6982/2021, 7033/2021, 6655/2021, 1504/2018, 3147/2019 and 6661/2021 (Supreme Court of India). It bears on section 153C, section 153A, section 148, section 147 of the Income Tax Act 1961, in Search, Survey & Block Assessment and Reassessment & Reopening matters.

Still good law. An order of April 2023 applying Abhisar Buildwell, decided by the same Bench in the same period. No later decision was available here to check it against.

Why it matters

Abhisar Buildwell settled the position for section 153A, that a completed or unabated assessment cannot be disturbed without incriminating material found in the search. This order carries the same rule across to section 153C, which is the provision that reaches the person other than the one searched, and it does so in a batch of appeals decided the same season. That makes it the citation for the 'no incriminating material, no section 153C addition' argument. Its second half matters just as much: the reassessment powers are saved, so an assessee who wins on this ground should expect a section 148 notice, and the Court's words are guarded — reassessment must be in accordance with law and only if permissible under the law, which leaves limitation and the conditions of sections 148 and 148A fully open to challenge.

Binding on every court and authority in India.

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