Concluded assessment cannot be disturbed if no incriminating material found during search

M/s. Bhansali Fincom Pvt. Ltd. Vs DCIT (ITAT Kolkata) Conclusion: Unabated/concluded assessment, on the date of search, deserved to be undisturbed in the absence of any incriminating material found during search and accordingly impugned addition was deleted. Facts – Search was conducted and based on the search and notice was issued u/s 153A for AY 2010-11. Assessee stated that the time limit for issuance of notice u/s 143(2) for AY 2010-11 in respect of the original return filed on 23.9.2010 had expired on 30.9.2011 and hence as on the date of search, the year under consideration (i.e AY 201...