No Addition in Completed Years Without Incriminating Material in Search Assessment

Bhagwat Dayal Vs DCIT (ITAT Delhi) No Incriminating Material—Additions in Search Assessments Quashed by ITAT Delhi- Unabated Years: ITAT Follows Supreme Court in Abhisar Buildwell,-  Search Without Seizure of Incriminating Evidence Can’t Lead to Additions—  Deposits in Bank Not “Incriminating Material” u/s 153A—  Assessee, Shri Bhagwat Dayal, was a director in several companies of the SRS Group. Pursuant to a search u/s 132 conducted on 06.06.2018 in the SRS Group, the AO issued notice u/s 153A on 03.12.2019 for AYs 2013-14 to 2016-17. These years were unabated (completed) asses...