M/s. Vikas Surya Developers Pvt. Ltd. Vs. Dy. CIT

Parties Involved

Facts Summary

The assessee's appeal for the assessment year 2014-15 arises against the Commissioner of Income Tax (Appeals) [CIT(A)], Delhi's order dated 14.01.2026, involving proceedings under section 153C of the Income-tax Act, 1961. The learned departmental authorities had carried out a search on 18.10.2019 in M/s. Alankit group of cases. The prescribed authority's section 153C satisfaction in the assessee's cases for assessment years 2010-11 to AY 2020-21 has been filed in case records. The relevant incriminating material pertained to FYs 2010-11 and 2013-14 involving varying sums. This factual position has gone unrebutted from the Revenue side.…

Legal Issues

• 1. Whether the Commissioner of Income Tax (Appeals) was justified in invoking Section 153C for assessment years for which no incriminating material had been gathered or obtained.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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