Addition u/s. 153A cannot be sustained without incriminating material found during search

Gopal Garg Vs DCIT (ITAT Delhi) ITAT Delhi held that addition made under section 153A of the Income Tax Act are bad-in-law in absence of any incriminating material found during the course of search. Accordingly, assessment order quashed. Facts- A search and seizure operation conducted on residential as well as office premises of SRS Group on 06/06/2018. Consequent to the same, assessment proceedings u/s 153A of the Income Tax Act, 1961 was initiated against the Assessee and an assessment order came to be passed by computing the income of the Assessee at Rs. 84,46,917/- as against the returned ...