No additions in absence of incriminating material during section 153A search

Rajat Minerals Pvt. Ltd. Vs DCIT (ITAT Ranchi) Conclusion: Various additions/disallowances made by AO were clearly beyond the scope of authority vested under s.153A owing to absence of any incriminating material or evidence deduced as a result of search in so far as completed assessments were concerned and the same was not permissible in law. Held: Additions were made by AO solely on the basis of some TEP received in November 2016 as against search conducted in July 2014. The assessment for AY 2009-10 to 2012-13 were stood concluded on the date of search. Thus, such alleged incriminating infor...