Addition u/s 153A without jurisdiction as no incriminating material found during search

DCIT Vs Rigid Conductors (Raj.) Pvt Ltd (ITAT Jaipur) Held that in the absence of any incriminating material found or seized during the course of search and seizure proceedings, the additions made by the AO during the course of reassessment under section 153A of the Income Tax Act are without jurisdiction. Facts- A search was conducted in the case of “Chokhi Dhani Group, Jaipur” to which the assessee belongs. Accordingly, notice u/s 153A of the IT Act, 1961 was issued. During the course of search action, certain ‘developed land allotment letters’, note sheet pages of JDA regarding acqu...