Addition based on bald statement u/s 153A is unsustainable in law

Hitesh Mittal Vs DCIT (ITAT Delhi) ITAT Delhi held that addition merely on the basis of bald statement under section 153A of the Income Tax Act without any incriminating material is unsustainable in law. Facts- Based on search & seizure operation conducted u/s. 132 at the residential and business premises of M/s. Shri Vishnu Overseas Pvt. Ltd. and Shri Vishnu Eatables India Ltd. group of cases and bank lockers of the assessee, notice was issued to the assessee who has filed ROI on 19.10.2015, 30.11.2015 for A.Y.s 2011-12 and 2012-13, whereas no return has been filed by the assessee for A.Y...