Addition untenable as no incriminating material found during search

Paramount Probuild Pvt. Ltd. Vs DCIT (ITAT Delhi)

Held that when there is no incriminating material was unearthed during the course of search in respect of an issue, then no addition in respect of such an issue can be made in the assessment u/s 153A & 153C of the Act.

Facts- The assessee Company is engaging with business of Civil Construction, maintenance and running of the dwelling units, flats, house and commercial complex. A search and seizure operation u/s 132 was carried out on 11/03/2011 in

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