ACIT, NEW DELHI vs. M/S. THAPAR HOMES LTD., NEW DELHI

ITA 1142/DEL/2017Status: DisposedITAT Delhi19 August 2025AY 2006-07Bench: SHRI VIKAS AWASTHY (Judicial Member), SHRI M. BALAGANESH (Accountant Member)1 pages
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What did the Tribunal hold?

The Tribunal upheld the CIT(A)'s deletion of additions, particularly in unabated assessment years where no incriminating material was found during the search. Additions based on 'dumb documents' or mere presumptions were also dismissed.

What were the facts?

The Income Tax Appellate Tribunal (ITAT) heard a batch of appeals concerning search operations conducted on Thapar Homes Ltd. The appeals involved assessment years 2006-07 to 2009-10, with the Revenue challenging the deletion of various additions by the CIT(A).

What were the issues?

Whether additions made in an unabated assessment year without incriminating material are valid, and whether additions based on unsubstantiated documents or presumptions can be sustained.

Which sections of the Income-tax Act were involved?

Section 68,Section 69C,Section 153A,Section 143(3),Section 28(1)(iv),Section 292C,Section 132(4A)

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Cases cited in this judgment(1)Show list

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आयकर अपीलीय अिधकरण िद"ी पीठ “जी”, िद"ी "ी िवकास अव"थी, "ाियक सद" एवं "ी एम. बालगणेश, लेखाकार सद" के सम" IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “G”, DELHI BEFORE SHRI VIKAS AWASTHY, JUDICIAL MEMBER & SHRI M. BALAGANESH, ACCOUNTANT MEMBER आअसं. 570, 571 & 41 /िद"ी/2017 (िन.व. 2006-07, 2007-08 & 2009-10) ITA Nos. 570, 571 & 41 /DEL/2017 (A.Ys. 2006-07, 2007-08 & 2009-10) आअसं. 1054 /िद"ी/2020 (िन.व. 2009-10)

Thapar Homes Ltd., C/O Bhupesh K. Dhingra & Co.

Chartered Accountants, 604, Padma Tower-II, Rajendra Place, New Delhi 110008 ...... अपीलाथ"/Appellant PAN No: AACCT-3106-F बनाम Vs.

Assistant Commissioner of Income Tax, Central Circle-15, Jhandewalan Extension, ..... "ितवादी/Respondent New Delhi 110055 आअसं. 1142, 1141 & 548 /िद"ी/2017 (िन.व. 2006-07, 2007-08 & 2009-10) ITA Nos. 1142, 1141 & 548 /DEL/2017 (A.Ys. 2006-07, 2007-08 & 2009-10)

Assistant Commissioner of Income Tax, Central Circle-15, Jhandewalan Extension, ...... अपीलाथ"/Appellant New Delhi 110055 बनाम Vs.

Thapar Homes Ltd., C/O Bhupesh K. Dhingra & Co.

Chartered Accountants, 604, Padma Tower-II, Rajendra Place, New Delhi 110008 ..... "ितवादी/Respondent PAN No: AACCT-3106-F Assessee by : S/Shri Vikas Jain, Ha

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