Section 153C Proceedings Quashed for Lack of Incriminating Material: ITAT Chennai Sets Aside ₹597+ Crore Additions

R. Viswanathan Vs DCIT (ITAT Chennai) Section 153C Invoked Without Jurisdictional Facts; Coal Commission Additions Quashed: ITAT Chennai Sets Aside ₹597+ Crore Additions Across AYs 2014-15 to 2017-18 The Chennai Bench of the ITAT allowed the assessee’s appeals for AYs 2014-15 to 2017-18 and dismissed the Revenue’s appeals, holding that the assumption of jurisdiction under section 153C was invalid, rendering the entire assessments void ab initio. The Tribunal found that the mandatory jurisdictional pre-conditions of section 153C were not satisfied, as the seized materials relied upon by t...