No addition u/s 153A in absence of incriminating materials seized at the time of search

PCIT Vs Bhadani Financiers Pvt. Ltd. (Delhi High Court) Conclusion: Completed assessments could be interfered with by AO while making the assessment under Section 153 A only on the basis of some incriminating material unearthed during the course of search or requisition of documents or undisclosed income or property discovered in the course of search which were not produced or not already disclosed or made known in the course of original assessment. No addition could  be made under Section 153A as the cases of respondents were of non-abated assessments. Held: Revenue contended that ITAT had e...