Addition based on third party evidence not tenable if no evidence found from assessee

Facts of the case

The assessee in the instant case was an individual and proprietor of M/s. S. Chains engaged in the business of job work in gold ornaments. M/s. S.D.D. Agencies was the C&F Agent of M/s. Dhariwal Industries Ltd. in the State of Maharashtra for their Gutkha and Pan Masala business. A search and seizure action on the premises of Mr. Mittulal at Bangalore was carried on 09-10-2009 wherein documents maintained by Mr. Sohan Raj Mehta, C&F Agent of M/s. Dhariwal Industries Ltd were found. Th

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