Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 29, Cited by 0]

Gujarat High Court

Paras Chandreshbhai Koticha vs Income Tax Officer Ward - 1 (2)(2) on 7 January, 2026

Author: A. S. Supehia

Bench: A.S. Supehia

                                                                                                                  NEUTRAL CITATION




                        C/SCA/17933/2018                                        CAV JUDGMENT DATED: 07/01/2026

                                                                                                                   undefined




                               IN THE HIGH COURT OF GUJARAT AT AHMEDABAD

                                                                         Reserved On   : 22/12/2025
                                                                         Pronounced On : 07/01/2026

                               R/SPECIAL CIVIL APPLICATION NO. 17933 of 2018
                                                    With
                               R/SPECIAL CIVIL APPLICATION NO. 17935 of 2018
                                                    With
                               R/SPECIAL CIVIL APPLICATION NO. 17938 of 2018
                                                    With
                               R/SPECIAL CIVIL APPLICATION NO. 17939 of 2018
                                                    With
                               R/SPECIAL CIVIL APPLICATION NO. 18983 of 2019
                                                    With
                               R/SPECIAL CIVIL APPLICATION NO. 18985 of 2019
                                                    With
                               R/SPECIAL CIVIL APPLICATION NO. 18986 of 2019
                                                    With
                               R/SPECIAL CIVIL APPLICATION NO. 18987 of 2019
                                                    With
                                R/SPECIAL CIVIL APPLICATION NO. 216 of 2022
                                                    With
                                R/SPECIAL CIVIL APPLICATION NO. 3563 of 2022
                                                    With
                                R/SPECIAL CIVIL APPLICATION NO. 3564 of 2022
                                                    With
                                R/SPECIAL CIVIL APPLICATION NO. 4890 of 2022
                                                    With
                                R/SPECIAL CIVIL APPLICATION NO. 5350 of 2022
                                                    With
                                R/SPECIAL CIVIL APPLICATION NO. 5422 of 2022
                                                    With
                                R/SPECIAL CIVIL APPLICATION NO. 5855 of 2022
                                                    With
                                R/SPECIAL CIVIL APPLICATION NO. 5858 of 2022
                                                    With
                                R/SPECIAL CIVIL APPLICATION NO. 5861 of 2022
                                                    With
                                R/SPECIAL CIVIL APPLICATION NO. 5864 of 2022
                                                    With
                                R/SPECIAL CIVIL APPLICATION NO. 5901 of 2022
                                                    With
                               R/SPECIAL CIVIL APPLICATION NO. 17675 of 2022
                                                    With
                               R/SPECIAL CIVIL APPLICATION NO. 26206 of 2022
                                                    With


                                                                 Page 1 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                         Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                     NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                     undefined




                               R/SPECIAL CIVIL APPLICATION NO. 16341 of 2025
                                                    With
                               R/SPECIAL CIVIL APPLICATION NO. 16723 of 2025

                      FOR APPROVAL AND SIGNATURE:
                      HONOURABLE MR. JUSTICE A.S. SUPEHIA                                              Sd/-
                      and
                      HONOURABLE MR. JUSTICE PRANAV TRIVEDI  Sd/-
                      =============================================
                                  Approved for Reporting                           Yes                   No
                                                                                    ✔
                      =============================================
                                             PARAS CHANDRESHBHAI KOTICHA
                                                        Versus
                                           INCOME TAX OFFICER WARD - 1 (2)(2)
                      =============================================
                      Appearance:
                      MR TUSHAR HEMANI, SENIOR ADVOCATE WITH
                      MS VAIBHAVI PARIKH, MR MANISH J SHAH, JIMMY PATEL, MR S.N.
                      DIVATIA, MR B.S. SOPARKAR, MR DHINAL SHAH & MR.VIJAY PATEL,
                      ADVOCATES for the respective Petitioner(s)
                      MR VARUN K. PATEL, MR DEV PATEL, MR RUTVIJ PATEL, MR ADITYA
                      BHATT, MR. KARAN SANGHANI, MS. MAITHILI MEHTA, MR. MAUNIL G
                      YAJNIK(9346), SENIOR STANDING COUNSELS for the Respondent -
                      DEPARTMENT
                      =============================================
                       CORAM:HONOURABLE MR. JUSTICE A.S. SUPEHIA
                               and
                               HONOURABLE MR. JUSTICE PRANAV TRIVEDI
                                      COMMON CAV JUDGMENT
                       (PER : HONOURABLE MR. JUSTICE A.S. SUPEHIA)

                      1.      The      present        group         of     petitions   arise        from        the
                      proceedings/ notices issued to the respective petitioners under
                      Section 148 of the Income-tax Act, 1961 (hereinafter referred
                      to as "the Act"), reopening the assessment under Section 147
                      of the Act. The issue raised in the instant writ petitions arises
                      prior to the promulgation of the Finance Act, 2021, by which
                      the provisions of Sections 147 to 149 of the Act were
                      substituted with new Sections 147, 148, 148A and 149 of the
                      Act. It also removed Sections 153A to 153C of the Act and
                      merged them under Section 147 of the Act.


                                                                 Page 2 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                           Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                   NEUTRAL CITATION




                        C/SCA/17933/2018                                        CAV JUDGMENT DATED: 07/01/2026

                                                                                                                   undefined




                      2.      The proceedings under Sections 147/148 of the Act stem
                      from search actions conducted under Section 132 of the Act or
                      from the requisitions made under Section 132A of the Act.

                      BRIEF FACTS :
                      3.      It   is      the   case    of      the     petitioners   that,      when        the
                      proceedings emanate from a search conducted under Sections
                      132/132A of the Act, the Assessing Officer having jurisdiction
                      over the respective petitioners is mandatorily required to
                      follow the provisions of Sections 153A or 153C of the Act,
                      instead of switching over or resorting to the reopening of
                      assessment under Section 147 of the Act. It is also the case of
                      the petitioners that the Assessing Officer of the searched
                      person has to mandatorily record satisfaction as prescribed
                      under Section 153C of the Act on the basis of material
                      forwarded by the Assessing Officer of the searched person.
                      Only     upon         recording      such        satisfaction    with     respect         to
                      incriminating material and after following the procedure
                      prescribed under Section 153C of the Act, the proceedings can
                      be initiated against a person other than the searched person. It
                      is contended that resort to Sections 147/148 of the Act is
                      permissible only in respect of material other than that
                      emanating from the search.

                      4.      Thus, the core issue raised in the present petitions is the
                      legality of directly invoking the provisions of Sections 147/148
                      of the Act based on material obtained during a search
                      conducted under Sections 132/132A of the Act, without
                      resorting to proceedings under Section 153A or 153C of the
                      Act.



                                                                 Page 3 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                         Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                    NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                    undefined




                      5.      The majority of the writ petitions, being Special Civil
                      Application Nos.18983 of 2019, 18985 of 2019, 18986 of 2019
                      and 18987 of 2019, arise from the search conducted by the
                      Assistant Commissioner of Income-tax, Central Circle-4, Surat,
                      pursuant to a search action on the K. Star Group. The writ
                      petitions being Special Civil Application Nos. 4890/2022,
                      5350/2022, 5855/2022, 5858/2022, 5861/2022, 5864/2022,
                      5901/2022,           26206/2022,               216/2022,       17675/2022               and
                      5422/2022 arise from the search action undertaken on the
                      Navratna Group. In Special Civil Application Nos. 17933,
                      17935, 17938 and 17939 of 2018, a search was conducted at
                      M/s. Affluence Commodities Pvt. Ltd. along with the petitioners.
                      Whereas the writ petitions being Special Civil Application Nos.
                      16341 of 2025 and 16723 of 2025 arise from the search at
                      Flamingo (Sanjay Govindram Agarwal).

                      6.      Thus, a search under Section 132 of the Act was
                      conducted on the entities, i.e. the searched persons under
                      Section 153A of the Act, and the information / material was
                      derived / collected from such searches and forwarded to the
                      jurisdictional Assessing Officers of the respective petitioners,
                      i.e. the other persons under Section 153C of the Act. However,
                      instead of recording satisfaction, the jurisdictional Assessing
                      Officers proceeded to issue the impugned notices under
                      Section 148 of the Act for reopening the assessments.

                      SUBMISSIONS ON BEHALF OF THE PETITIONERS :

                      7.      The learned advocates appearing for the respective
                      petitioners have advanced the following submissions:-



                                                                 Page 4 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                          Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                     NEUTRAL CITATION




                        C/SCA/17933/2018                                          CAV JUDGMENT DATED: 07/01/2026

                                                                                                                     undefined




                      8.      Section 153C of the Act casts a mandatory obligation
                      upon the Assessing Officer of the searched person to hand
                      over books of account, documents or assets seized or
                      requisitioned during the search, which belong to or pertain to a
                      person other than the searched person, to the Assessing
                      Officer having jurisdiction over such other person. The
                      statutory mandate is evident from the plain language of
                      Section 153C of the Act, which provides that where the
                      Assessing Officer is satisfied that :

                              (a) any money, bullion, jewellery or other valuable article
                              or thing seized or requisitioned belongs to; or


                              (b) any books of account or documents seized or
                              requisitioned pertain to, or any information contained
                              therein relates to, a person other than the person
                              referred to in Section 153A of the Act,


                              then such material shall be handed over to the Assessing
                              Officer having jurisdiction over such other person.

                      9.      Thus, it is contended that once the Assessing Officer of
                      the searched person arrives at such satisfaction, he has no
                      discretion but to transmit the material to the jurisdictional
                      Assessing            Officer   of   the       other       person     after     recording
                      satisfaction. This statutory requirement is further reinforced by
                      Central Board of Direct Taxes (CBDT) Circular No. 24 of 2015,
                      which      mandates            recording        of    satisfaction     by      both       the
                      Assessing Officer of the searched person and the Assessing
                      Officer of the other person.




                                                                 Page 5 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                           Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                        NEUTRAL CITATION




                        C/SCA/17933/2018                                            CAV JUDGMENT DATED: 07/01/2026

                                                                                                                        undefined




                      10.     That upon handing over of such material, proceedings
                      under Section 153C of the Act stand automatically triggered.
                      At that stage, the Assessing Officer of the 'searched person'
                      cannot initiate proceedings under Sections 147/148 of the Act,
                      as he lacks jurisdiction over the 'other person'. Equally, the
                      jurisdictional Assessing Officer of the 'other person' has no
                      option      to       choose    between            initiating     proceedings             under
                      Sections 147/148 or under Section 153C of the Act, since the
                      statutory trigger for Section 153C of the Act already stands
                      activated        upon     transmission            of      material.     Therefore,           the
                      contention that the Assessing Officer of the searched person or
                      Assessing Officer of the other person can elect to proceed
                      either under Sections 147/148 or under Section 153C of the
                      Act is wholly misconceived and devoid of merit.

                      11.     It is a settled principle of statutory interpretation that
                      where a special provision governs a particular subject matter,
                      the applicability of a general provision to that subject matter
                      stands impliedly excluded. Once a statute prescribes a special
                      mechanism, the general provisions yield to such special
                      provisions.

                      12.     Applying this principle, it is further submitted that
                      Sections 153A and 153C of the Act are special provisions
                      having non-obstante clauses for assessment or reassessment
                      of income based on material seized during search proceedings
                      under Section 132 of the Act, and have an overriding effect on
                      Sections 147/148 of the Act. Consequently, reassessment in
                      respect of such seized material cannot be undertaken by
                      invoking the general provisions of Sections 147/148 of the Act.



                                                                 Page 6 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                              Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                     NEUTRAL CITATION




                        C/SCA/17933/2018                                          CAV JUDGMENT DATED: 07/01/2026

                                                                                                                     undefined




                      13.     It is emphasized that Sections 147/148 have existed in
                      the statute book since the inception of the Act in 1961,
                      whereas Section 153C was introduced later by the Finance Act,
                      2005,       with     retrospective            effect      from   01.06.2003.             The
                      legislative intent is accordingly explicit that assessments or
                      reassessments based on search material must be carried out
                      exclusively under Section 153C of the Act. Any contrary
                      interpretation would render the introduction of Section 153C of
                      the Act otiose and defeat the legislative purpose.

                      14.     That the mandatory nature of this special machinery is
                      fortified by Section 153D of the Act, which requires prior
                      approval of an officer not below the rank of Joint Commissioner
                      before passing an assessment order based on searched
                      material. The legislature has thus consciously provided a
                      distinct and self-contained procedural framework for search-
                      based assessments under Sections 153A and 153C. Permitting
                      recourse to Sections 147/148 would bypass these statutory
                      safeguards, which could never have been the legislative intent.

                      15.     Learned counsels further pointed out the provision of
                      Section 153B(1)(ii) of the Act, which prescribes the limitation
                      period for completing assessment in case of a person covered
                      under Section 153C of the Act, and it is submitted that the
                      limitation period commences not from the issuance of notice
                      under Section 153C, but from the date on which the seized
                      material is handed over to the Assessing Officer having
                      jurisdiction over the 'other person'.

                      16.     In view of the aforesaid legislative scheme, it is
                      submitted that any interpretation permitting reassessment

                                                                 Page 7 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                           Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                    NEUTRAL CITATION




                        C/SCA/17933/2018                                        CAV JUDGMENT DATED: 07/01/2026

                                                                                                                    undefined




                      under Sections 147/148 on the basis of seized material would
                      defeat the very object of enacting Section 153C of the Act, and
                      such an interpretation ought to be eschewed.

                      17.     In support of the aforesaid submissions, reliance is placed
                      on various judgments of the Supreme Court as well as this
                      Court. The same are as under

                              A.      In the case of Khandubhai Vasanji Desai Vs. Deputy
                                      Commissioner of Income Tax, (1999) 236 ITR 73
                                      (Guj.).

                              B.      In the case of Principal Commissioner of Income-tax,
                                      Central-3 Vs. Abhisar Buildwell (P.) Limited, (2023)
                                      454 ITR 212 (SC).

                              C.      The Judgment of the High Court of Rajasthan in case
                                      of    Shyam         Sundar           Khandelwal       Vs.      Assistant
                                      Commissioner                of      Income-tax,        (2024)           161
                                      taxman.com 255 (Rajasthan).


                      SUBMISSIONS ON BEHALF OF THE REVENUE :

                      18.     In response to the aforesaid submissions, the learned
                      Senior Standing Counsels appearing for the respondent-
                      Department distinguished the judgments relied upon by the
                      petitioners and made the following submissions.

                      19.     At the outset, it is submitted that the core issue arising
                      for consideration in the present group of petitions is whether,
                      where documents or information relating to a person other



                                                                 Page 8 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                          Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                    NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                    undefined




                      than the searched person ("other person") have originated
                      from or are gathered during a search under Section 132 of the
                      Income-tax Act or requisition under Section 132A of the Act, it
                      is mandatory for the Assessing Officer to invoke and assume
                      jurisdiction under Section 153C for assessment of such other
                      person or not, and whether the non-obstante clause in Section
                      153C bars the assumption of jurisdiction under Sections
                      147/148 in such cases or not.

                      20.     That the answer to the aforesaid question is clearly in the
                      negative. According to the respondents, it is not mandatory in
                      all such cases to invoke Section 153C.

                      21.     It is contended that documents or information originating
                      from or gathered during a search or requisition can form the
                      basis for assumption of jurisdiction either under Section 153C
                      of the Act or under Sections 147/148 of the Act, subject to
                      fulfillment          of   the   respective           statutory   conditions.           Both
                      provisions are enabling provisions intended to assess or
                      reassess escaped income.

                      22.     The distinction between the two provisions was explained
                      as follows :
                              (i) Assumption of jurisdiction under Section 153C of the
                              Act is subject to fulfillment of mandatory conditions,
                              namely, recording of two satisfaction notes--first by the
                              Assessing Officer of the searched person and second by
                              the jurisdictional Assessing Officer of the other person;
                              and
                              (ii) Assumption of jurisdiction under Sections 147/148 of
                              the Act is subject to recording of "reasons to believe"

                                                                 Page 9 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                          Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                    NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                    undefined




                              regarding escapement of income, obtaining sanction of
                              the competent authority, adherence to limitation, and
                              other statutory safeguards.

                              Thus, it is contended that the mere fact that information
                      or documents emanate from a search does not mandatorily
                      compel the Assessing Officer to invoke Section 153C of the Act.

                      23.     Learned Senior Standing Counsel has further submitted
                      that Sections 147/148 of the Act constitute the general
                      provisions relating to assessment or reassessment of escaped
                      income and are applicable to all cases, including those where
                      information pertaining to the other person has originated from
                      a search or requisition. The non-obstante clause at the
                      beginning of Section 153C(1) of the Act cannot be construed to
                      impliedly exclude the operation of Sections 147/148 of the Act
                      in such cases.

                      24.     That, except for the non-obstante clause, there is nothing
                      in the text of Section 153C of the Act which expressly or by
                      necessary implication bars recourse to Sections 147/148 of the
                      Act, where documents or information relating to another
                      person are found during search proceedings. Any such
                      interpretation, according to the respondent, would amount to
                      reading words into the statute, which is impermissible.

                      25.     It is contended by the learned Senior Standing Counsel
                      that this issue is no longer res integra in view of the decision of
                      this Court in the case of Amar Jewellers Ltd. Vs. ACIT, (2022)
                      444 ITR 97 (Guj.), wherein the scope of Section 153A of the Act
                      has already been examined and interpreted.


                                                                 Page 10 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                          Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                      NEUTRAL CITATION




                        C/SCA/17933/2018                                           CAV JUDGMENT DATED: 07/01/2026

                                                                                                                      undefined




                      26.     It is further submitted that the phrase "Where the
                      Assessing Officer is satisfied..." employed in Section 153C(1) of
                      the Act itself indicates that invocation of Section 153C of the
                      Act is conditional and not automatic. There is no statutory
                      mandate requiring the Assessing Officer to compulsorily record
                      satisfaction under Section 153C of the Act in every case where
                      documents or information relating to another person are found
                      during search or requisition.

                      27.     According to the respondents, an interpretation which
                      completely excludes the applicability of Sections 147/148 of
                      the Act merely because the material originates from a search
                      would not only be contrary to the plain language of Section
                      153C of the Act, but would also defeat the very object of
                      reassessment provisions, which are intended to bring escaped
                      income to tax.

                      28.     Further, it is submitted that the legislative intent is to
                      provide multiple statutory pathways, subject to fulfillment of
                      their respective preconditions, for assessment or reassessment
                      of income, and not to create an absolute embargo on the
                      exercise of jurisdiction under Sections 147/148 of the Act
                      merely       because        the     information            emanates       from       search
                      proceedings.

                      29.     The      respondent-Department                     has    also      raised         the
                      predicament faced by it in case the recording of a satisfaction
                      note is held to be mandatory where numerous persons are
                      found to be involved, since it would not be possible to record
                      the same by different Assessing Officers situated at various
                      places in the country, and the very intention of the legislature

                                                                 Page 11 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                            Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                    NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                    undefined




                      would get defeated. Hence, it is contended that in such cases,
                      the provisions of Sections 147/148 of the Act can always be
                      resorted to.

                      30.     In support of the aforesaid submissions, reliance is placed
                      on the following judicial precedents :

                              (i) In the case of PCIT Vs. Naveen Kumar Gupta (2024)
                              168 Taxmann.com 574 (Delhi), paragraphs 3, 4, 5, 9, 13,
                              35 to 48, 53 to 62 and 65;

                              (ii) In the case of PCIT Vs. Agroha Fincap Ltd. (2025) 179
                              taxmann.com 185(Delhi), paragraphs 4, 5, 10 and 12 to
                              17.

                      31.     With regard to the decision of the Supreme Court in the
                      case of Abhisar Buildwell (P.) Ltd.(supra), the learned
                      Senior Standing Counsels have clarified as under:-

                              (i) The said decision deals with assessment of the
                              searched person under Section 153A and not with
                              assessment of an "other person" under Section 153C;

                              (ii) As noted in paragraph 5 of the judgment, the question
                              before the Supreme Court was whether, in the case of
                              completed or unabated assessments of the searched
                              person, additions could be made in the absence of
                              incriminating material found during search or requisition;

                              (iii) Reference was made to paragraph Nos.7, 13 and 14
                              of the judgment to submit that the Supreme Court has
                              not examined or adjudicated upon the issue arising in the
                              present petitions, namely, whether invocation of Section



                                                                 Page 12 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                          Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                    NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                    undefined




                              153C is mandatory in all cases where documents or
                              information relating to another person are found during
                              search proceedings.

                              Accordingly, it is submitted that the reliance placed by
                      the petitioners on the judgment in the case of Abhisar
                      Buildwell (P.) Ltd. (supra) is misplaced.

                      SUBMISSIONS OF THE REVENUE IN SCA NO.17675/2022
                      and SCA NO.5422/2022.

                      32.     Learned Senior Standing Counsel Mr. Aditya Bhatt
                      appearing for the respondent in the writ petitions being Special
                      Civil Application Nos.17675 of 2022 and 5422 of 2022
                      submitted that, in the case of the present petitioners, a search
                      and seizure action under Section 132 of the Act was conducted
                      on the Navratna Group on 11.04.2017. During the course of
                      the search, a laptop belonging to one Shri Murlidhar Marutibhai
                      Trivedi was seized, from which a digital Excel file bearing the
                      name "x10000226.xls" was recovered.

                      33.     It is contended that the "reason to believe" recorded by
                      the Assessing Officer is not founded merely on the raw data
                      contained in the seized Excel sheet. Rather, it is fundamentally
                      premised upon a post-search development, namely, the
                      proceedings before the Income Tax Settlement Commission
                      (ITSC).      The      searched        entity,         Navratna    Organisers            and
                      Developers Pvt. Ltd. (NODPL), approached the ITSC (Income
                      Tax Settlement Commission) by filing a settlement application.
                      In the said application, NODPL (Navratna Organiser and
                      Developer Pvt. Ltd.) made a categorical admission that it had



                                                                 Page 13 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                          Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                       NEUTRAL CITATION




                        C/SCA/17933/2018                                            CAV JUDGMENT DATED: 07/01/2026

                                                                                                                       undefined




                      accepted "on-money" (cash consideration) for the sale of
                      residential units/villas in its project known as "Kalhaar Blues
                      and Greens". Further, NODPL reconciled the entries contained
                      in the seized Excel file (x10000226.xls) with its own list of
                      purchasers and admitted that the entries reflected actual cash
                      receipts received from buyers.

                      34.     Learned Senior Standing Counsel Mr.Bhatt has further
                      submitted that the actionable material against the petitioners
                      is not the seized Excel file per se, but the subsequent and
                      voluntary admission made by the builder before the ITSC. This
                      admission,           according        to        the        respondent,         constitutes
                      independent "information" which came into the possession of
                      the Assessing Officer after the conclusion of the search. It is
                      this post-search information that the petitioner had allegedly
                      paid cash consideration of Rs. 2,33,28,500/-, which formed the
                      basis for recording "reason to believe" and issuance of notice
                      under Section 148 of the Act.

                      35.     Thus, the foundation for reopening is the corroborated
                      admission before the Settlement Commission, and not merely
                      a seized document. Such admission, as it was contended, does
                      not fall within the expression "books of account or documents
                      seized" so as to mandatorily attract Section 153C of the Act.

                      36.     On the aforesaid factual premise, it is submitted that
                      invocation of Section 148 of the Act is:

                              (i) Factually justified, as it is based on post-search
                              information arising from the ITSC proceedings;




                                                                 Page 14 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                             Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                      NEUTRAL CITATION




                          C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                      undefined




                                (ii) Legally sustainable, as Section 153C is not attracted
                                to material or information that comes into existence or is
                                generated after the search; and
                                (iii) Consistent with legislative intent, which preserves
                                Sections 147/148 as a remedial mechanism to bring
                                escaped income to tax where the statutory conditions for
                                invoking search assessment provisions are not strictly
                                satisfied.

                                Thus, it is contended that Section 153C of the Act is
                      confined to seized material belonging to or pertaining to
                      another person, whereas admissions before the ITSC constitute
                      a      distinct        evidentiary    source          capable     of    independently
                      triggering reassessment proceedings.

                      37.       In support of the aforesaid submissions, learned Senior
                      Standing Counsel Mr.Bhatt has placed reliance on the following
                      decisions :
                                     A. In the case of Amar Jewellers Ltd.(supra)

                                     B. In the case of Principal Commissioner of Income
                                        Tax      Vs.    Agroha            Fincap      Ltd.      (2025)          179
                                        taxmann.com 185 (Delhi);

                                     C.In the case of Heval Navinbhai Patel Vs. Income Tax
                                        Officer (2021) 126 taxmann.com 82 (Gujarat);

                                     D.In the case of Naveen Kumar Gupta(supra).


                                Placing reliance on the judgment of the Supreme Court in
                      the case of Union of India vs. Rajeev Bansal (2024) 167



                                                                 Page 15 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                            Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                         NEUTRAL CITATION




                        C/SCA/17933/2018                                              CAV JUDGMENT DATED: 07/01/2026

                                                                                                                         undefined




                      taxmann.com 70 (SC), it was submitted that where a statute
                      expressly confers power or imposes a duty on a particular
                      authority, such power or duty must be exercised strictly in the
                      manner prescribed.

                      38.     On that premise, it was further contended that the
                      jurisdictional        Assessing            Officer         of   the    petitioners           was
                      competent to invoke Sections 147/148 of the Act on the basis
                      of post-search information, and that the search conducted
                      under Section 132 of the Act does not, by itself, prohibit the
                      exercise of reassessment jurisdiction when the statutory
                      requirements of Section 153C of the Act are not attracted.

                      ANALYSIS AND CONCLUSION :

                      39.     We have heard the learned advocates appearing for the
                      respective parties.

                      40.     The twin issues, which arise for our consideration in the
                      present group of writ petitions, are namely:

                              (a) Whether the jurisdictional Assessing Officer, upon
                              receipt      of    incriminating             material         pertaining        to     an
                              assessee (other person) from the Assessing Officer of the
                              searched person, can reopen the assessment under
                              Sections 147/148 of the Act without there being any
                              satisfaction recorded on such material by the Assessing
                              Officer of the searched person and without resorting to
                              the provisions under Section 153C of the Act or not ; and


                              (b) Whether the searched person (under Section 153A)
                              can be subjected to reopening of assessment under

                                                                 Page 16 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                               Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                    NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                    undefined




                              Sections 147/148 of the Act on the basis of incriminating
                              material found during the search or not.

                      41.     In order to appreciate the aforesaid issues, it would be
                      apposite to examine the scheme and interplay of the relevant
                      provisions, namely Sections 132, 147, 153A and 153C of the
                      Act.

                      ASPECT OF RECORDING SATISFACTION NOTE UNDER
                      SECTION 153C AND ITS IMPACT ON SECTIONS 147/148.

                      42.     Section 132 of the Act empowers the Income-tax
                      authorities to conduct search and seizure operations where the
                      statutory conditions prescribed therein are satisfied.

                      43.     Section 153A of the Act prescribes the procedure to be
                      followed in cases where a search is initiated under Section 132
                      or a requisition is made under Section 132A. Sections 153A,
                      153B and 153C were inserted by the Finance Act, 2003 with
                      effect from 01.06.2003, thereby introducing a distinct and
                      special code for assessment and reassessment in search-
                      related cases.

                      44.     Section 153A of the Act opens with a non-obstante clause
                      overriding Sections 139, 147, 148, 149, 151 and 153 of the
                      Act. Further, Section 153C of the Act provides that assessment
                      of income of any other person, i.e. a third party, shall be
                      undertaken thereunder, and all the petitioners fall under this
                      provision. The relevant portions of Sections 153A, 153B and
                      153C of the Act are as under :




                                                                 Page 17 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                          Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                    NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                    undefined




                              "SECTION 153A : Assessment in case of search or
                              requisition.


                              [(1)] Notwithstanding anything contained in section 139,
                              section 147, section 148, section 149, section 151 and section
                              153, in the case of a person where a search is initiated under
                              section 132 or books of account, other documents or any
                              assets are requisitioned under section 132A after the 31st day
                              of May, 2003 but on or before the 31st day of March, 2021],
                              the Assessing Officer shall-


                                      (a) issue notice to such person requiring him to furnish
                                      within such period, as may be specified in the notice,
                                      the return of income in respect of each assessment year
                                      falling within six assessment years and for the relevant
                                      assessment year or years] referred to in clause (b), in
                                      the prescribed form and verified in the prescribed
                                      manner and setting forth such other particulars as may
                                      be prescribed and the provisions of this Act shall, so far
                                      as may be, apply accordingly as if such return were a
                                      return required to be furnished under section 139;


                                      (b) assess or reassess the total income of six
                                      assessment     years   immediately      preceding   the
                                      assessment year relevant to the previous year in which
                                      such search is conducted or requisition is made [and for
                                      the relevant assessment year or years]:


                              153B - Time limit for completion of assessment under
                              section 153A -


                              (1) Notwithstanding anything contained in section 153, the
                              Assessing Officer shall make an order of assessment or
                              reassessment,-


                                      (a) in respect of each assessment year falling within six
                                      assessment years referred to in clause (b) of [sub-
                                      section (1) of section 153A], within a period of two years
                                      from the end of the financial year in which the last of
                                      the authorisations for search under section 132 or for
                                      requisition under section 132A was executed;


                                                                 Page 18 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                          Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                    NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                    undefined




                                      (b) in respect of the assessment year relevant to the
                                      previous year in which search is conducted under
                                      section 132 or requisition is made under section 132A,
                                      within a period of two years from the end of the financial
                                      year in which the last of the authorisations for search
                                      under section 132 or for requisition under section 132A
                                      was executed :


                                       [Provided that in case of other person referred to in
                                      section 153C, the period of limitation for making the
                                      assessment or reassessment shall be the period as
                                      referred to in clause (a) or clause (b) of this sub-section
                                      or one year from the end of the financial year in which
                                      books of account or documents or assets seized or
                                      requisitioned are handed over under section 153C to the
                                      Assessing Officer having jurisdiction over such other
                                      person, whichever is later.]


                                      SECTION 153C : Assessment of income of any
                                      other person


                                      [(1)] Notwithstanding anything contained in section 139,
                                      section 147, section 148, section 149, section 151 and
                                      section 153, where the Assessing Officer is satisfied that
                                      any money, bullion, jewellery or other valuable article or
                                      thing or books of account or documents seized or
                                      requisitioned belongs or belong to a person other than
                                      the person referred to in section 153A, then the books of
                                      account or documents or assets seized or requisitioned
                                      shall be handed over to the Assessing Officer having
                                      jurisdiction over such other person and that Assessing
                                      Officer shall proceed against each such other person
                                      and issue such other person notice and assess or
                                      reassess income of such other person in accordance
                                      with the provisions of      [sub-section (1) of section
                                      153A] :]


                                      [Provided that in case of such other person, the
                                      reference to the date of initiation of the search under
                                      section 132 or making of requisition under section 132A
                                      in the second proviso to section 153A shall be construed
                                      as reference to the date of receiving the books of
                                      account or documents or assets seized or requisitioned


                                                                 Page 19 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                          Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                    NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                    undefined




                                      by the Assessing Officer having jurisdiction over such
                                      other person.


                                      (2) Where books of account or documents or assets
                                      seized or requisitioned as referred to in sub-section (1)
                                      has or have been received by the Assessing Officer
                                      having jurisdiction over such other person after the due
                                      date for furnishing the return of income for the
                                      assessment year relevant to the previous year in which
                                      search is conducted under section 132 or requisition is
                                      made under section 132A and in respect of such
                                      assessment year-


                                      (a) no return of income has been furnished by such
                                      other person and no notice under sub-section (1) of
                                      section 142 has been issued to him, or


                                      (b) a return of income has been furnished by such other
                                      person but no notice under sub-section (2) of section
                                      143 has been served and limitation of serving the notice
                                      under sub-section (2) of section 143 has expired, or


                                      (c) assessment or reassessment, if any, has been made,

                                      before the date of receiving the books of account or
                                      documents or assets seized or requisitioned by the
                                      Assessing Officer having jurisdiction over such other
                                      person, such Assessing Officer shall issue the notice and
                                      assess or reassess total income of such other person of
                                      such assessment year in the manner provided in section
                                      153A.]"


                      45.     Thus, the use of the expression "the Assessing Officer is
                      satisfied"       in   Section       153C          mandates     the      recording          of
                      satisfaction on the incriminating material sent to him/her by
                      the Assessing Officer of the searched person. The law relating
                      to the recording of satisfaction by the Assessing Officer of the
                      searched person and its transmission to the jurisdictional
                      Assessing Officer is no longer res integra. The Supreme Court


                                                                 Page 20 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                          Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                    NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                    undefined




                      in the case of Manish Maheshwari vs. Asstt.Commissioner of
                      Income Tax with Indore Construction (Pvt.) Limited vs.
                      Commissioner of Income Tax and Another, 2007 (3) SCC 794,
                      on a similar issue arising of non-recording of satisfaction note
                      in the old provision of section 158BD(153C) of the Act has held
                      thus:

                              "12 The conditions precedent for invoking the provisions of Sec.
                              158BD, thus, are required to be satisfied before the provisions of the
                              said chapter are applied in relation to any person other than the
                              person whose premises had been searched or whose documents and
                              other assets had been requisitioned u/s. 132A of the Act.
                                                              xxx xxx xxx
                              16 Law in this regard is clear and explicit. The only question which
                              arises for our consideration is as to whether the notice dated
                              06.02.1996 satisfies the requirements of Sec. 158BD of the Act. The
                              said notice does not record any satisfaction on the part of the
                              Assessing Officer. Documents and other assets recovered during
                              search had not been handed over to the Assessing Officer having
                              jurisdiction in the matter.


                              17 No proceeding u/s. 158BC had been initiated. There is, thus, a
                              patent non-application of mind. A prescribed form had been utilized.
                              Even the status of the assessee had not been specified. It had only
                              been mentioned that the search was conducted in the month of
                              November 1995. No other information had been furnished. The
                              provisions contained in Chapter XIVB are drastic in nature. It has
                              draconian consequences. Such a proceeding can be initiated, it
                              would bear repetition to state, only if a raid is conducted. When the
                              provisions are attracted, legal presumptions are raised against the
                              assessee. The burden shifts on the assessee. Audited accounts for a
                              period of ten years may have to be reopened.

                              18 A large number of decisions of various High Courts have been
                              cited at the bar. We would, at the outset, refer to a decision of the
                              Gujarat High Court in Khandubhai Vasanji Desai and Others V/s.
                              Deputy Commissioner of Income-Tax and Another, 1999 236 ITR 73.
                              Therein, it was clearly held :

                              "This provision indicates that where the Assessing Officer who is
                              seized of the matter and has jurisdiction over the person other than
                              the person with respect to whom search was made u/s. 132 or whose


                                                                 Page 21 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                          Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                    NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                    undefined




                              books of account or other documents or any assets were
                              requisitioned u/s. 132A, he shall proceed against such other person
                              as per the provisions of Chapter XIV-B which would mean that on
                              such satisfaction being reached that any undisclosed income belongs
                              to such other person, he must proceed to serve a notice to such
                              other person as per the provisions of sec. 158BC of the Act. If the
                              Assessing Officer who is seized of the matter against the raided
                              person reaches such satisfaction that any undisclosed income
                              belongs to such other person over whom he has no jurisdiction,
                              then, in that event, he has to transmit the material to the Assessing
                              Officer having jurisdiction over such other person and in such cases
                              the Assessing Officer who has jurisdiction will proceed against such
                              other person by issuing the requisite notice contemplated by Sec.
                              158BC of the Act.
                                                           xxx xxx xxx
                              21 As the Assessing Officer has not recorded its satisfaction, which
                              is mandatory; nor has it transferred the case to the Assessing Officer
                              having jurisdiction over the matter, we are of the opinion that the
                              impugned judgments of the High Court cannot be sustained, which
                              are set aside accordingly. The appeals are allowed. However, in the
                              facts and circumstances of the case, there shall be no order as to
                              costs."

                      46.     Subsequently, the Supreme Court in the case of CIT vs.
                      Calcutta Knitwears [(2014) 362 ITR 673 (SC)], has recognized
                      three stages of recording such satisfaction, namely:


                              (a) at the time of or along with the initiation of
                              proceedings against the searched person under Section
                              158BC of the Act;
                              (b) along with the assessment proceedings under Section
                              158BC of the Act; and
                              (c) immediately after the assessment proceedings are
                              completed under Section 158BC of the Act in respect of
                              the searched person.


                              Accordingly, the Central Board of Direct Taxes issued
                      Circular No.24/2015 dated 31.12.2015, clarifying the procedure

                                                                 Page 22 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                          Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                    NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                    undefined




                      to be followed for initiation of proceedings under Section 153C
                      of the Act.

                      47.     The Supreme Court, in the case of Super Malls Private
                      limited vs. Principal Commissioner of Income Tax, 8, New
                      Delhi, 2020 (4) S.C.C. 581, has reiterated the aforesaid
                      proposition of law. It is held thus:


                              "7.1 It cannot be disputed that the aforesaid requirements are held
                              to be mandatorily complied with. There can be two eventualities. It
                              may so happen that the Assessing Officer of the searched person is
                              different from the Assessing Officer of the other person and in the
                              second eventuality, the Assessing Officer of the searched person and
                              the other person is the same. Where the Assessing Officer of the
                              searched person is different from the Assessing Officer of the other
                              person, there shall be a satisfaction note by the Assessing Officer of
                              the searched person and as observed hereinabove that thereafter
                              the Assessing Officer of the searched person is required to transmit
                              the documents so seized to the Assessing Officer of the other
                              person. The Assessing Officer of the searched person simultaneously
                              while transmitting the documents shall forward his satisfaction note
                              to the Assessing Officer of the other person and is also required to
                              make a note in the file of a searched person that he has done so.
                              However, as rightly observed and held by the Delhi High Court in
                              the case of Ganpati Fincap (supra), the same is for the
                              administrative convenience and the failure by the Assessing Officer
                              of the searched person, after preparing and dispatching the
                              satisfaction note and the documents to the Assessing Officer of the
                              other person, to make a note in the file of a searched person, will
                              not vitiate the entire proceedings under Section 153C of the Act
                              against the other person. At the same time, the satisfaction note by
                              the Assessing Officer of the searched person that the documents etc.
                              so seized during the search and seizure from the searched person
                              belonged to the other person and transmitting such material to the
                              Assessing Officer of the other person is mandatory. However, in the
                              case where the Assessing Officer of the searched person and the
                              other person is the same, it is sufficient by the Assessing Officer to
                              note in the satisfaction note that the documents seized from the
                              searched person belonged to the other person. Once the note says
                              so, then the requirement of Section 153C of the Act is fulfilled. In
                              case, where the Assessing Officer of the searched person and the
                              other person is the same, there can be one satisfaction note



                                                                 Page 23 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                          Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                    NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                    undefined




                              prepared by the Assessing Officer, as he himself is the Assessing
                              Officer of the searched person and also the Assessing Officer of the
                              other person. However, as observed hereinabove, he must be
                              conscious and satisfied that the documents seized/recovered from
                              the searched person belonged to the other person. In such a
                              situation, the satisfaction note would be qua the other person. The
                              second requirement of transmitting the documents so seized from
                              the searched person would not be there as he himself will be the
                              Assessing Officer of the searched person and the other person and
                              therefore there is no question of transmitting such seized documents
                              to himself."

                      48.     The aforesaid decisions of the Supreme Court and the
                      Circular issued by the CBDT have been considered in
                      numerous judgments. Unequivocally, the law mandates the
                      recording of satisfaction by the Assessing Officer of the
                      'searched person' (under Section 153A of the Act) at the stage
                      of    transmission         of    seized         material   to    the     jurisdictional
                      Assessing Officer of the 'other person' before assuming
                      jurisdiction under Section 153C.

                      49.     When incriminating material pertaining to a 'third/other
                      person' is found during the course of a search conducted under
                      Sections 132/132A of the Act and such material is transmitted
                      to the jurisdictional Assessing Officer of such 'other person',
                      the statute obliges the Assessing Officer to record satisfaction
                      on such material before proceeding further. The legislative
                      scheme does not carve out any exception permitting the
                      jurisdictional Assessing Officer of the third person to assume
                      jurisdiction under Section 153C of the Act in the absence of
                      satisfaction recorded by the Assessing Officer of the searched
                      person in the first place, and, as a necessary corollary,
                      unequivocally not under Sections 147/148 of the Act as a
                      second instance on the same material.



                                                                 Page 24 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                          Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                          NEUTRAL CITATION




                        C/SCA/17933/2018                                               CAV JUDGMENT DATED: 07/01/2026

                                                                                                                          undefined




                      50.     In other words, the absence of satisfaction recorded by
                      the Assessing Officer of the searched person does not vest
                      jurisdiction in the Assessing Officer of the third person to
                      directly invoke the provisions of Sections 147/148 of the Act on
                      the     incriminating          material          found       during         search,         more
                      particularly when the provisions of Section 153C of the Act are
                      not followed. Such satisfaction is a statutory requirement and a
                      jurisdictional       pre-condition,            and         not    a    mere       procedural
                      formality. This position stands fortified by binding judicial
                      precedents and the clarificatory Circular issued by the CBDT,
                      which is binding on the Department.

                      SCOPE OF THE PROCEEDINGS UNDER SECTIONS 147/
                      148, 153A AND 153C READ WITH SECTION 132 OF THE
                      ACT.

                      51.     Before we further delve into the issue raised before us,
                      we may succinctly mention that in view of the Finance Act,
                      2021, the provisions of Section 153A (pertaining to the
                      searched person) and Section 153C (pertaining to the other
                      than the searched person) are not made applicable w.e.f.
                      searches conducted after 31st March, 2021. This procedure
                      has now been deleted from the statute in relation to searches
                      conducted on or after 1st April, 2021. The Finance Act, 2021
                      has introduced a pari materia provision in Section 148 of the
                      Act in respect of searches conducted after 1st April, 2021.

                      52.     Sections 153A to 153D were inserted vide the Finance
                      Act, 2005 with retrospective effect from 01.06.2003. Both the
                      provisions of Sections 153A and 153C begin with non-obstante
                      clauses. Thus, the intention of the legislature is explicit that
                      assessment           or      reassessment                  which       emanates             from

                                                                 Page 25 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                                Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                     NEUTRAL CITATION




                        C/SCA/17933/2018                                          CAV JUDGMENT DATED: 07/01/2026

                                                                                                                     undefined




                      incriminating material arising from a "search" unquestionably
                      has to be undertaken under Section 153A for the searched
                      person and under Section 153C for the other person, after
                      recording satisfaction on such incriminating material. Sections
                      147 and 148 are provisions relating to general assessment of
                      income tax, which empower the Assessing Officer to reopen an
                      assessment           if   income       chargeable          to   tax     has      escaped
                      assessment. The Finance Act, 2021 introduced completely new
                      set of procedures and safeguards for these sections, moving
                      from a subjective "reason to believe" to a more objective
                      "information-based" approach.

                      53.     Learned counsels appearing for the respective parties
                      have primarily premised their submissions on the Supreme
                      Court judgment rendered in the case of Abhisar Buildwell
                      (P.)     Ltd.        (supra).     This        judgment      has       been      followed/
                      interpreted by various High Courts. While examining the scope
                      and ambit of Section 153A of the Act, the Supreme Court has
                      held as under :

                              "11. xxx..x...The intention does not seem to be to re-open the
                              completed/unabated assessments, unless any incriminating material
                              is found with respect to concerned assessment year falling within
                              last six years preceding the search. Therefore, on true interpretation
                              of Section 153A of the Act, 1961, in case of a search under section
                              132 or requisition under section 132A and during the search any
                              incriminating material is found, even in case of unabated/completed
                              assessment, the AO would have the jurisdiction to assess or reassess
                              the 'total income taking into consideration the incriminating
                              material collected during the search and other material which would
                              include income declared in the returns, if any, furnished by the
                              assessee as well as the undisclosed income. However, in case during
                              the search no incriminating material is found, in case of
                              completed/unabated assessment, the only remedy available to the
                              Revenue would be to initiate the reassessment proceedings under
                              sections 147/48 of the Act, subject to fulfilment of the conditions


                                                                 Page 26 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                           Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                    NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                    undefined




                              mentioned in sections 147/148, as in such a situation, the Revenue
                              cannot be left with no remedy. Therefore, even in case of block
                              assessment under section 153A and in case of unabated/completed
                              assessment and in case no incriminating material is found during
                              the search, the power of the Revenue to have the reassessment
                              under sections 147/148 of the Act has to be saved, otherwise the
                              Revenue would be left without remedy.

                                           xxxxxx                     xxxxxxx             xxxxxxx

                              14.   In view of the above and for the reasons stated above, it is
                              concluded as under:

                              (i) that in case of search under section 132 or requisition under
                              section 132A, the AO assumes the jurisdiction for block assessment
                              under section 153A;

                              (ii) all pending assessments/reassessments shall stand abated;

                              (iii) in case any incriminating material is found/unearthed, even, in
                              case of unabated/completed assessments, the AO would assume the
                              jurisdiction to assess or reassess the 'total income' taking into
                              consideration the incriminating material unearthed during the
                              search and the other material available with the AO including the
                              income declared in the returns; and
                              (iv) in case no incriminating material is unearthed during the
                              search, the AO cannot assess or reassess taking into consideration
                              the other material in respect of completed assessments/unabated
                              assessments. Meaning thereby, in respect of completed/unabated
                              assessments, no addition can be made by the AO in absence of any
                              incriminating material found during the course of search under
                              section 132 or requisition under section 132A of the Act, 1961.
                              However, the completed/unabated assessments can be re-opened by
                              the AO in exercise of powers under sections 147/148 of the Act,
                              subject to fulfilment of the conditions as envisaged/mentioned under
                              sections 147/148 of the Act and those powers are saved.

                              The question involved in the present set of appeals and review
                              petition is answered accordingly in terms of the above and the
                              appeals and review petition preferred by the Revenue are hereby
                              dismissed. No costs."

                      54.     The Supreme Court, while discussing the interplay
                      between the provisions of Sections 153A and 147/148, has
                      held that, in case, during the search no incriminating material


                                                                 Page 27 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                          Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                     NEUTRAL CITATION




                        C/SCA/17933/2018                                          CAV JUDGMENT DATED: 07/01/2026

                                                                                                                     undefined




                      is found or in the case of completed/unabated assessments,
                      the only recourse available to the Revenue would be to initiate
                      reassessment proceedings under Sections 147/148 of the Act,
                      subject to fulfillment of the conditions mentioned in Sections
                      147/148, as in such a situation, the Revenue cannot be left
                      without any remedy. The Supreme Court has made these
                      observations in relation to the "searched person" under
                      Section 153A of the Act, and has carved out an exception for
                      resorting to the provisions of Sections 147/148 of the Act,
                      subject to fulfillment of the conditions envisaged therein, in
                      cases where no incriminating material is found.

                      55.     "Incriminating material" would mean any evidence or
                      proof which connects the assessee with involvement in a
                      delinquency           or     any      deliberate           act   of      concealment/
                      misdeclaration/ diversion of funds/income. The Supreme Court
                      has rendered the decision in the context of the provisions of
                      Section 153A of the Act, which does not stipulate recording of
                      a satisfaction note in the case of the searched person, since
                      the incriminating material which directly involves the searched
                      person is recovered, whereas it is mandatory to note the
                      nature/details of incriminating material found having a link
                      with the "other person/third person" for enabling the Assessing
                      Officer of such other person/third person to assume jurisdiction
                      under Section 153C of the Act, which is not a requirement
                      under Section 153A of the Act. The Supreme Court has clarified
                      that the provisions of Sections 147/148 of the Act can be
                      resorted to if there is any other material available other than
                      the incriminating material, which can suggest that the income
                      has escaped assessment.


                                                                 Page 28 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                           Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                    NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                    undefined




                      56.     In the case of an "other person", the substratum of the
                      reassessment/assessment is the material supplied by the
                      Assessing Officer of the "searched person" only. Thus, the
                      upshot of the discussion is that the jurisdictional Assessing
                      Officer of the "other person", in a search proceeding under
                      Sections 132/132A of the Act of a "searched person", does not
                      have the privilege to assume jurisdiction under Sections
                      147/148 of the Act on the basis of the incriminating material
                      sent to him. Thus, there are twin conditions which restrict the
                      jurisdictional Assessing Officer from exercising powers under
                      Sections 147/148 in the case of an "other person", i.e., firstly,
                      by relying on incriminating material bereft of a satisfaction
                      note, and secondly, by placing reliance exclusively on such
                      incriminating material.

                      57.     In the case of most of the petitioners, it is noticed by us
                      that the Assessing Officer has not recorded satisfaction on the
                      material recovered from the entities, i.e. the searched persons,
                      and without recording such satisfaction on the incriminating
                      material, proceedings under Sections 147/148 of the Act have
                      been resorted to, which, in our considered opinion, is in direct
                      conflict with the provisions of Section 153C of the Act. The
                      jurisdictional Assessing Officer of the petitioners cannot
                      directly invoke the provisions of Sections 147/148 of the Act for
                      reopening of the assessment unless he/she is in receipt of the
                      satisfaction note on the incriminating material while exercising
                      power under Section 153C of the Act. Apart from the material
                      sent to the jurisdictional Assessing Officer, if such officer has
                      knowledge or information from other sources which tends to



                                                                 Page 29 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                          Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                     NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                     undefined




                      establish escapement of income, then, in such a case, the
                      provisions of Sections 147/148 of the Act can be resorted to,
                      subject to fulfillment of the conditions.

                      58.     When the legislature has provided a special mechanism
                      for assessment or reassessment based on search material,
                      having a specific limitation period, the same must be followed
                      strictly and exclusively, and recourse to the general provisions
                      of Sections 147/148 is impermissible in respect of matters
                      falling within the domain of the special provisions unless there
                      are     special       circumstances               carved    out,       as      discussed
                      hereinabove.


                      DISCUSSION ON CASE LAW :-
                      59.     Albeit, numerous decisions are cited before us, it is
                      noticed by us that the same are repetitive; hence, in order to
                      avoid prolixity, we have dealt with only those which are
                      relevant. The Rajasthan High Court, in the case of Shyam
                      Sundar Khandelwal (supra), after considering the judgment
                      of the Supreme Court in Abishar Buildwell (P.) Limited
                      (supra) and the judgment of the Karnataka High Court in case
                      of Shri Dinkara Suvarna Vs. DCIT, 2023 454 ITR 21 (Karnataka)
                      and also in a decision of the Bombay High Court in case of Aditi
                      Constructions vs. Dy. CIT, 2023 151 taxman.com 513, has held
                      as under : -

                              "35. The Supreme Court in the case of Abhisar Buildwell (P.) Ltd.
                              (supra) while dealing with the provisions of section 153A held that in
                              case of absence of incriminating material seized during the search,
                              the department is not remediless for reassessing the unabated
                              assessment on the basis of material received from the other sources
                              and can proceed under section 148. The decision does not support
                              the contentions raised that section 148 is rendered redundant if


                                                                 Page 30 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                           Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                    NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                    undefined




                              section 153C is to be resorted to in the facts of the present case.

                              36. The Single Bench of this Court in the case of Vijay Kumar Mehta
                              (supra) held that if the Department has chosen not to proceed under
                              section 153C, no right is created to the petitioner for getting the
                              notice under section 148 quashed. Moreover, learned Single Judge
                              was not having the benefit of the decision of the Supreme Court in
                              the case of Abhisar Buildwell (P) Ltd. (supra). The appeal against the
                              order was dismissed having rendered infructuous in view of the
                              subsequent developments that the assessment order was passed.

                              37. The decision of the Madras High Court in the case of Saloni
                              Prakash Kumar (supra) is of no help to the respondents. The High
                              Court held that section 153C does not preclude issuance of notice
                              under section 148. The field of applicability of two sections was not
                              the issue before the Court.

                              38. The petitioner relied upon the decision of the Karnataka High
                              Court in the case of Sri Dinakara Suvarna (supra). It would be
                              relevant to quote Para-10:

                              "10. Admittedly no proceedings were initiated under section 153C of
                              the Act. Thus, there is patent non-application of mind. It is relevant
                              to note that the author of the diary Smt. Soumya Shetty had passed
                              away prior to the date of search. It was argued on behalf of the
                              Revenue that Shri. Ashok Kumar Chowta had offered tax on lump-
                              sum income."

                              39. Further reliance was placed upon the decision of the Bombay
                              High Court in the case of Mis. Aditi Constructions (supra). The para-
                              9 is quoted:-

                              "9. We find that the jurisdictional conditions for invoking section
                              147-148 are not satisfied as there is no failure to disclose material
                              facts fully and truly. It is not in dispute that by the letter dated 11th
                              September 2015 (Exhibit H) the Petitioner have submitted all the
                              particulars along with supporting documents to the Respondent
                              No.1. Hence the reasons to believe and a presumption based on the
                              statement of Shri Bhanwarlal Jain (a third party) in the course of a
                              search, that the loans of the entities were bogus or accommodation
                              entries was clearly dispelled. Moreover, the specific provisions of S.
                              153C would prevail over the general provisions of section 147 in the
                              case of search on 3rd party."

                              40. In view of above discussion the notices issued under section 148
                              and the impugned orders are quashed. However, the respondents
                              shall be at liberty to proceed against the petitioners in accordance


                                                                 Page 31 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                          Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                    NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                    undefined




                              with law."


                      60.     The aforesaid decision is followed by the Bombay High
                      Court in the case of Sejal Jewellery vs. Union of India, (2025)
                      171 taxmann.com 846.

                      61.     The respondent has placed reliance on the judgment of
                      the High Court of Delhi in the case of Navin Kumar Gupta
                      (supra). A careful reading of the facts of the judgment in the
                      case of Navin Kumar Gupta (supra), as recorded by the
                      Delhi High Court, would reflect that in the said case, a search
                      was conducted under Section 132 of the Act against the
                      searched person, and the material was forwarded by the
                      Assessing Officer to the Assessing Officer of the third person.
                      The jurisdictional Assessing Officer of the third person also
                      received a report from the Investigation Wing, Mumbai,
                      regarding the assessee purchasing units of a penny stock
                      during the financial year 2010-2011, and based on the said
                      information          from     the     Investigation        Wing,       Mumbai,           the
                      Assessing Officer of the third person issued a notice under
                      Section 148 of the Act. In such facts, the Delhi High Court held
                      that the proceedings under Section 148 of the Act were valid.

                      62.     In the said case, the Delhi High Court held that the non
                      obstante clause of Section 153C of the Act would not be
                      applicable, as the Assessing Officer did not assume jurisdiction
                      under Section 153C of the Act.

                      63.     So far as the aforesaid proposition of law is concerned,
                      there cannot be any cavil, as it is always open to the Assessing
                      Officer to invoke the provisions of Sections 147/148 of the Act



                                                                 Page 32 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                          Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                    NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                    undefined




                      on the basis of material received which does not form part of
                      the incriminating material sent to him by the Assessing Officer
                      of the searched person. This is precisely the case of the
                      petitioners before us.

                      64.     As recorded hereinabove, it is a settled legal precedent
                      and a statutory obligation upon the jurisdictional Assessing
                      Officer of the third person, i.e. the assessees/petitioners, to
                      record his satisfaction, and there is no escape from recording
                      satisfaction on the incriminating material sent to him by the
                      Assessing Officer of the searched person, who was subjected
                      to search under Section 132 of the Act.

                      65.     Reliance is also placed by the respondent-department on
                      the decision in the case of Heval Naveenbhai Patel (supra).
                      The facts of the said case suggest that in a search undertaken
                      of a searched person, the Assessing Officer of the third person
                      came to know that the assessee had not filed any return of
                      income, and hence an opinion was formed that where no
                      return of income has been furnished by the assessee, though
                      his total income or the total income of any other person in
                      respect of which he is assessable under the Act exceeds the
                      maximum amount not chargeable to tax, it would be deemed
                      to be a case where income chargeable to tax has escaped
                      assessment. Such opinion was formed on the basis of material
                      sent to the jurisdictional Assessing Officer of the third person
                      (assessee). In such facts, details and documents relating to
                      land transactions were obtained from the Sub-Registrar for the
                      purpose of identifying the beneficiaries in the transaction with
                      the searched person, and the Division Bench of this Court



                                                                 Page 33 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                          Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                    NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                    undefined




                      upheld the action of reopening the assessment by invoking the
                      provisions of Section 148 of the Act. The Division Bench held
                      that the Assessing Officer of the searched person, while
                      passing the assessment order under Section 153A or prior
                      thereto, is required to record his satisfaction about the
                      material, and if such material reveals any undisclosed income
                      of a person other than the searched person, he has to transmit
                      such documents/material along with his satisfaction note to the
                      Assessing Officer having jurisdiction over such other person
                      (third person). Ultimately, in paragraph No. 35, the Coordinate
                      Bench has held as under :-

                              "35. Indisputably in the case on hand, the search was undertaken
                              prior to 1-6-2015. If that be so then, it is clear that before issuing
                              the notice under section 153(C) of the Act, the primary condition has
                              to be fulfilled and which is that the money, bullion, documents etc.,
                              seized should belong to such other person. If this condition is not
                              satisfied, no proceedings could be taken u's. 153C of the Act. The
                              seized documents do not belong to the two writ applicants herein
                              but were seized from the premises of the Venus Group. It is not the
                              case of the revenue that the seized documents are in handwriting of
                              the two writ applicants. In such circumstances, the Assessing Officer
                              could not have initiated proceedings under section 153(C) of the Act
                              but based on the information, could be said to be justified in
                              reopening the assessment for the reasons assigned and referred to
                              above"


                      66.     In the case of Amar Jewellers Limited (supra), while
                      examining the provisions of Sections 153A and 147 of the Act,
                      it is held as under :

                              "55. Thus, having regard to the aforesaid discussion, we have
                              reached to the conclusion that the argument of Mr. Hemani as
                              regards the non obstante clause contained in section 153A and its
                              effect is without any merit. It is difficult for us to take the view that
                              the non obstante clause in section 153A excludes the very
                              applicability of sections 147 and 148 respectively of the Act. We are
                              in agreement with the submission of Mr. Bhatt, the learned senior
                              counsel appearing for the revenue that the non obstante clause in


                                                                 Page 34 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                          Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                    NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                    undefined




                              section 153A should be understood as merely dispensing with the
                              procedural aspect of section 147 of the Act.

                              84.xx......
                              (c)    To say that the assessment undertaken under Section 153A of
                              the Act can never be reopened under section 147 of the Act, would
                              be an incorrect statement of law.


                      67.     As recorded by the Division Bench of this Court in the
                      case of Amar Jewellers Limited (supra), it is noted that a
                      search was undertaken under Section 132 of the Act on a
                      searched person, i.e. the Amar Group, and proceedings under
                      Section 153A of the Act were initiated, as it was found by the
                      Assessing Officer of the searched person that there were some
                      bogus purchases made by the assessee. Such information was
                      received from the Investigation Wing, Mumbai, as well as the
                      Investigation Wing, Surat. Thus, initially, after the search was
                      undertaken, a notice under Section 153A of the Act was issued
                      by the Assessing Officer to the searched person, and
                      thereafter, on receiving information from the Investigation
                      Wings, proceedings under Section 148 of the Act were invoked
                      seeking reopening of the assessment. In such a factual
                      backdrop, the Court held that the proposition that once an
                      assessment under Section 153A of the Act is undertaken, the
                      assessment can never be reopened under Section 147 of the
                      Act would be an incorrect statement of law.

                      68.     Both Sections 153A and 153C begin with non-obstante
                      clauses, referring to the provisions of Sections 147 and 148 of
                      the Act. As held by the Rajasthan High Court in the case of
                      Shyam Sunder Khandelwal (supra), these provisions have an
                      overriding effect over the regular provisions of assessment or



                                                                 Page 35 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                          Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                       NEUTRAL CITATION




                        C/SCA/17933/2018                                            CAV JUDGMENT DATED: 07/01/2026

                                                                                                                       undefined




                      reassessment. The provisions of Section 147 can be invoked by
                      the Assessing Officer if he has reason to believe that any
                      income has escaped assessment for any assessment year. This
                      facet is different from the knowledge acquired of undisclosed
                      income from the incriminating material collected during search
                      and seizure. Hence, it is not open to the Assessing Officer to
                      invoke the provisions of Sections 147/148 of the Act for
                      reopening the assessment on the incriminating material
                      gathered during search and seizure under Sections 132/132B
                      of the Act, when the special provisions beginning with non-
                      obstante clauses are engrafted in the statute.

                      69.     We do not endorse the submission of the Revenue
                      expressing           its   predicament            for      bypassing     the      statutory
                      provisions of Sections 153A and 153C of the Act and directly
                      invoking the provisions of Sections 147/148 of the Act in cases
                      where the names of numerous assessees surface during
                      search. The statute does not provide such shortcuts. Merely
                      because the Revenue faces numerous assessees whose names
                      have been unearthed during search and whom it believes have
                      evaded tax, the statutory provisions cannot be bypassed. The
                      Latin maxim "Quando aliquid prohibetur ex directo, prohibetur
                      et per obliquum" deciphers to mean "What cannot be done
                      directly cannot be done indirectly." This legal principle is a
                      foundation of the legal system, as it safeguards the interests of
                      citizens. The law cannot be bypassed through incidental means
                      if such actions are directly forbidden by law. It is trite that
                      when a statute vests certain power in an authority to be
                      exercised in a particular manner, that authority has to exercise



                                                                 Page 36 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                             Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                          NEUTRAL CITATION




                        C/SCA/17933/2018                                               CAV JUDGMENT DATED: 07/01/2026

                                                                                                                          undefined




                      such power by following the manner prescribed in the statute,
                      and any exercise of power by statutory authorities inconsistent
                      with the statutory prescription is invalid.

                      ANALYSIS AND OPINION ON                                    THE       FACTS          OF       THE
                      CAPTIONED WRIT PETITIONS :-
                      70.     Having discussed the contours of Sections 132, 147, 148,
                      153A and 153C of the Act, we shall now examine the facet of
                      recording        of    satisfaction           notes        and      the      invocation          of
                      reassessment proceedings under Sections 147/148 of the Act
                      in the respective petitions.

                      71. The captioned petitions can be divided in to Four Groups,
                      whose petitioners are subjected to reassessment as under:

                              A) The Petitioners in whose case the information has
                                  emerged from the search/raid conducted at Navratna
                                  Group (NODPL).
                              B) The petitioners in whose case the information has
                                  emerged from the search/raid conducted at K-Star
                                  Group.

                              C) The petitioners in whose case the information has
                                  emerged from the search/raid conducted at Flamingo
                                  (Sanjay Govindram Agarwal).

                              D) The        petitioners      in      whose        case       the     search         was
                                  conducted         during          the     search/raid           conducted            at
                                  Affluence Commodities Pvt. Ltd

                      72.     Group-A:- Since most of the writ petitions belong to
                      Group-A (Navratna Group), we are analyzing the legality of



                                                                 Page 37 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                                Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                       NEUTRAL CITATION




                        C/SCA/17933/2018                                            CAV JUDGMENT DATED: 07/01/2026

                                                                                                                       undefined




                      reassessment under Sections 147/148 of the Act. In these writ
                      petitions, the facts suggest that pursuant to the warrant issued
                      in the name of one Murlidhar Marutibhai Trivedi, who is a
                      shareholder          of    Navratna            Infrastructure,        a     search         was
                      undertaken at his residence and at Navratna Organisers and
                      Developers Pvt. Ltd. (NODPL) on 11.04.2017. During the search
                      at the residence of Murlidhar Trivedi, backup data was taken
                      from his laptop, and a digital Excel sheet was recovered. This
                      Excel file contained details of the Kalhaar Scheme such as unit
                      number, area of unit, selling price of land, construction cost,
                      amount received from purchasers, etc. Thereafter, during the
                      proceedings before the Income Tax Settlement Commission
                      (ITSC), the Navratna Group submitted a list of purchasers (from
                      F.Y. 2011-12 to 2016-17), wherein the unit number, name of
                      purchaser, date of execution of sale deed, cost of land and
                      construction, etc., were mentioned. The said list was compared
                      with the Excel file recovered from the laptop of Shri Murlidhar,
                      and it was observed by the authorities that NODPL had
                      maintained proper records of all receipts in cash as well as
                      through cheque on the sale of units/villas in the Kalhaar
                      Scheme. NODPL, in its application before the ITSC, admitted
                      that it had received "on-money" (cash) for the sale of
                      units/villas at the "Kalhaar Blues and Greens" project, wherein
                      it was disclosed that the purchasers had paid huge amounts in
                      cash. Thereafter, the Deputy Commissioner of Income Tax,
                      Central Circle-1(1), Ahmedabad, vide communication dated
                      05.03.2021,          conveyed          to        the       respective       Jurisdictional
                      Assessing Officers (JAOs) to analyze the data and ascertain the
                      names of the purchasers from the Excel sheet submitted by


                                                                 Page 38 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                             Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                    NEUTRAL CITATION




                        C/SCA/17933/2018                                         CAV JUDGMENT DATED: 07/01/2026

                                                                                                                    undefined




                      the Navratna Group, from the sale deed value, registration
                      number and dates, and accordingly to take necessary remedial
                      action to protect the interest of the Revenue. Thus, in the
                      proceedings before the ITSC, and on admission of the Navratna
                      Group post-search, the JAOs were directed to analyze the data
                      of the purchasers, which ultimately disclosed the cash
                      transactions undertaken by the petitioners. Albeit, the original
                      source of incriminating material against the petitioners is the
                      Excel sheet recovered during the search from Shri Murlidhar,
                      however, the names and the factum of cash transactions were
                      revealed during the proceedings before the ITSC, that too on
                      an application filed by the Navratna Group admitting the cash
                      transactions from the petitioners. Thus, the information
                      regarding payment of cash was received post-search on the
                      basis of the admission, since during the search the names of
                      the petitioners were never revealed from the incriminating
                      material (Excel sheet). Only when the data supplied by the
                      Navratna Group was compared with the Excel sheet, the exact
                      details emerged. In such circumstances, there was no occasion
                      for the Assessing Officer of the searched entity to record
                      satisfaction and forward it to the jurisdictional Assessing
                      Officer of the petitioners. The proceedings under Sections
                      147/148 of the Act were initiated subsequently on the
                      directions issued by the Deputy Commissioner of Income Tax,
                      Central Circle-1(1), Ahmedabad, vide communication dated
                      05.03.2021. Thus, the material information of names and cash
                      transactions unearthed by the Jurisdictional Assessing Officers
                      (JAOs) subsequently on the basis of data supplied by the
                      Navratna Group before the Settlement Commission constitutes


                                                                 Page 39 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                          Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                       NEUTRAL CITATION




                        C/SCA/17933/2018                                           CAV JUDGMENT DATED: 07/01/2026

                                                                                                                       undefined




                      an independent source, and hence such information/material is
                      sufficient to trigger action under Sections 147/148 of the Act.
                      Therefore,           the   Revenue           is    justified    in     reopening            the
                      assessment under Sections 147/148 of the Act on the
                      information received subsequently.


                      73.     Group-B :- The petitioners of this group are subjected to
                      reassessment under Sections 147/148 of the Act on the basis
                      of incriminating material found during the search at the K-Star
                      Group. There is no satisfaction note recorded by the Assessing
                      Officer of this entity, and the material has been merely
                      supplied to the JAO of the petitioners, who has invoked the
                      provisions of Section 148 of the Act. Hence, the power under
                      Sections 147/148 cannot be invoked by the JAO in the absence
                      of a satisfaction note. There is no independent material, or any
                      material gathered post-search from any other source, apart
                      from the material found during the search at the K-Star Group,
                      pointed out to us.

                      74. Group-C:- Similar is the position of the petitioners of this
                      group      to    that      of   Group-B.          The      information/incriminating
                      material to the JAO of the petitioners has been transmitted by
                      the Assessing Officer of Flamingo (Sanjay Govindram Agarwal)
                      without recording a satisfaction note. No independent material,
                      or any material gathered post-search apart from the material
                      found during the search, has been pointed out to us.

                      75.       Group-D:- It is interesting to note that in the writ
                      petitions being Special Civil Application Nos. 17933 of 2018,
                      17935 of 2018, 17938 of 2018, and 17939 of 2018, the



                                                                 Page 40 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                             Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                         NEUTRAL CITATION




                        C/SCA/17933/2018                                              CAV JUDGMENT DATED: 07/01/2026

                                                                                                                         undefined




                      assessments for the Assessment Years 2011-12 to 2014-15
                      are sought to be reopened by resorting to the provisions of
                      Sections 147/148 of the Act on the basis of the search
                      conducted and the panchnama drawn on the petitioners. The
                      contents of the impugned notice and the affidavit-in-reply filed
                      by the Assessing Officer reveal that during the search and
                      survey       action     conducted            on     18.12.2014          covering          many
                      commodity            traders,    where          one        of   them      was       Affluence
                      Commodities Pvt. Ltd., Dhiren A. Shah and Amee D. Shah Ltd.,
                      a search was also conducted at the business premises of the
                      petitioners. The writ petitioners in these writ petitions were
                      subjected to search under Section 132 of the Act and hence
                      fall under the provisions of Section 153A of the Act, and not
                      under Section 153C of the Act. Incriminating material in the
                      form of loose paper files was found during the search at the
                      premises of the petitioners. The cases of these writ petitions
                      are governed by the decisions of the Supreme Court in the
                      case of Abhisar Buildwell (P.) Ltd. (supra) and Amar
                      Jewellers (supra). Thus, the Assessing Officer was mandated
                      by the provisions of Section 153A to follow the procedure
                      prescribed therein on the basis of incriminating material found
                      during the search conducted under Section 132 of the Act, and
                      hence the statute prohibits him from switching over or
                      resorting to the provisions of Section 148 of the Act from
                      Section 153A unless there is material gathered from an
                      independent source. Hence, such action is held to be illegal
                      and without jurisdiction. However, as held by the Supreme
                      Court and the Division Bench of this Court in the aforesaid
                      decisions, it is always open for the Revenue to resort to the
                      provisions of Sections 147/148 of the Act, subject to fulfillment

                                                                 Page 41 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                               Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                      NEUTRAL CITATION




                        C/SCA/17933/2018                                           CAV JUDGMENT DATED: 07/01/2026

                                                                                                                      undefined




                      of the conditions mentioned therein and availability of material
                      from an independent source from which the Assessing Officer
                      has "reason to believe" that income has escaped assessment

                      76.     We answer the issues by summarizing the observations
                      as under :

                          A) It is mandatory for the Assessing Officer of a "searched
                              person" (Section 153A of the Act) to record satisfaction
                              on the incriminating material found during the search
                              under Sections 132/132A of the Act and communicate the
                              same to the jurisdictional Assessing Officer of the
                              "other/third person".

                          B) In the absence of any satisfaction note recorded by the
                              Assessing         Officer          of     the      searched       person,          the
                              jurisdictional Assessing Officer of the other person cannot
                              assume jurisdiction under Section 153C of the Act solely
                              on the basis of material sent to him by the Assessing
                              Officer of the searched person. In other words, the "other
                              person"         cannot         be         subjected        to       assessment/
                              reassessment under Section 153C of the Act on the
                              material received by him sans a satisfaction note; hence,
                              such an approach would be illegal, without jurisdiction,
                              and liable to be quashed.

                          C) The jurisdictional Assessing Officer of the "other/searched
                              person" (Section 153C) can invoke the provisions of
                              Sections 147/148 of the Act only on the basis of material
                              available to him from other sources, other than the
                              incriminating material sent to him. In case a satisfaction


                                                                 Page 42 of 44

Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026                            Downloaded on : Wed Jan 14 20:30:28 IST 2026
                                                                                                                      NEUTRAL CITATION




                        C/SCA/17933/2018                                           CAV JUDGMENT DATED: 07/01/2026

                                                                                                                      undefined




                              note is recorded on the incriminating material and
                              transmitted to him/her, then the only recourse available
                              to the jurisdictional Assessing Officer is to proceed under
                              Section 153C of the Act and not under Sections 147/148
                              of the Act.

                          D) In     the     case     of    assessees             who   are     subjected           to
                              reassessment under the provisions of Section 153A of the
                              Act, the Assessing Officer cannot switch over or invoke
                              the provisions of Sections 147/148 of the Act on the basis
                              of incriminating material found during the search and
                              seizure conducted under Sections 132 or 132A of the Act.
                              However, the Revenue cannot be restricted, barred, or
                              left remediless from invoking the provisions of Sections
                              147/148 of the Act, subject to fulfillment of the conditions
                              mentioned therein, and the assessment can be reopened
                              on the basis of material collected post-search from any
                              other independent source.


                                                                  :: ORDER :

:

77. On overall appreciation of the facts and analysis, the following order is passed :-
1) The writ petitions of Group-A, being Special Civil Application Nos. 4890 of 2022, 5350 of 2022, 5855 of 2022, 5858 of 2022, 5861 of 2022, 5864 of 2022, 5901 of 2022, 26206 of 2022, 216 of 2022, 17675 of 2022 and 5422 of 2022, are dismissed. However, we clarify that the dismissal of the writ petitions shall not be construed as detrimental to the petitioners in the Page 43 of 44 Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026 Downloaded on : Wed Jan 14 20:30:28 IST 2026 NEUTRAL CITATION C/SCA/17933/2018 CAV JUDGMENT DATED: 07/01/2026 undefined reassessment proceedings, which shall proceed in accordance with law. Rule discharged.
2) The writ petitions of Groups B, C and D, being SCA Nos. 3563 of 2022, 3564 of 2022, 18983 of 2019, 18985 of 2019, 18986 of 2019, 18987 of 2019, 16341 of 2025, 16723 of 2025, 17933 of 2018, 17935 of 2018, 17938 of 2018 and 17939 of 2018, are allowed.

The impugned action of reopening the assessment is quashed and set aside, reserving liberty in favour of the Revenue to resort to proceedings under Sections 147/148 of the Act, subject to fulfillment of the conditions mentioned therein, while keeping in mind the observations made by this Court. Rule made absolute to such extent. No order as to costs.

Sd/-

(A. S. SUPEHIA, J) Sd/-

(PRANAV TRIVEDI,J) MAHESH/01, 02, 03 Page 44 of 44 Uploaded by MAHESH OMPRAKASH BHATI(HC01086) on Wed Jan 07 2026 Downloaded on : Wed Jan 14 20:30:28 IST 2026