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Case lawSupreme Court › Sargam Cinema v CIT
Supreme CourtHelps taxpayerSuperseded by amendments.142As.145(3)

Sargam Cinema v CIT

The AO has sent my cost of construction to the Departmental Valuation Officer without saying a word about my books. Can he do that?

The AO has sent my cost of construction to the Departmental Valuation Officer without saying a word about my books. Can he do that?

Not under the section as it then stood. The Supreme Court held the assessing authority could not have referred the matter to the Departmental Valuation Officer without the books of account being rejected, and where the Tribunal had recorded that the books were never rejected, reliance on the DVO's report was misconceived. The appeal was allowed and the Tribunal's order restored. Read this with the caution below: s.142A was substituted with effect from 1 October 2014 and the substituted section says a reference may be made whether or not the officer is satisfied about the correctness of the accounts.

Decided by the Supreme Court (Supreme Court of India — S.H. Kapadia and Aftab Alam, JJ. (as named on the CaseMine page)) on 2009-10-19, reported as (2010) 328 ITR 513 (SC); Civil Appeal No. 6973 of 2009; LAWS(SC)-2009-10-81. It bears on section 142A, section 145(3) of the Income Tax Act 1961, in Assessment & Scrutiny and Evidence & Burden of Proof matters.

Read this before you cite it. Do not cite this for a reference made under s.142A as substituted with effect from 1 October 2014 — the substituted sub-section (2) expressly permits a reference whether or not the officer is satisfied about the correctness of the accounts.
Superseded by amendment. For periods governed by the substituted section this no longer holds. Section 142A was substituted by the Finance (No.2) Act, 2014 with effect from 1 October 2014, and sub-section (2) of the substituted section states that the Assessing Officer may make a reference to the Valuation Officer 'whether or not he is satisfied about correctness or completeness of the accounts'. The source states that Sargam Cinema applied to assessment years before 1 October 2014 and that the requirement changed thereafter because the substituted section does not carry the provision Sargam construed. The decision remains authority for periods before the substitution; I have not traced how High Courts have applied it to references straddling that date. Where this was checked.

Why it matters

For any period governed by the old s.142A this is the shortest route to knocking out a cost-of-construction or fair-market-value addition: you do not fight the valuation, you attack the reference itself. The department's answer is that the officer is entitled to gather material, and the answer to that is that the Tribunal's finding on whether the books were rejected is a finding of fact that decides the point. What matters most in practice is the date — for years covered by the substituted section the argument has to be made differently, on application of mind to the reference rather than on the books.

Binding on every court and authority in India.

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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Related

Other authorities on the same sections.