All Addition Invalid If No Incriminating Material Found During Search

DCIT Vs Venus Overseas Pvt. Ltd. (ITAT Delhi)

The common grievance in all these appeals relates to the deletion of the addition made u/s 68 of the Act on account of unexplained share capital and premium though quantum may defer in each year.

Vide application dated 30.01.2020, the assessee has invoked Rule 27 of the ITAT Rules on the ground that the impugned assessment are bad in law as no incriminating material was found at the time of search which could trigger the provision of section 15

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