Assessment u/s 153A is Limited to search related income only

It is held that the Assessing Officer while framing the assessment under Section 153A of the Act for the block period may make addition considering the incriminating material found for the year under consideration only which was collected during the search. Relevant Extract from the High Court Judgment [1.0] Feeling aggrieved and dissatisfied with the impugned judgment and order passed by the learned Income Tax Appellate Tribunal Ahmedabad “C” Bench (hereinafter referred to as “the learned tribunal”) dated 31/05/2016 in IT(SS)A No.341/AHD/2011 for the Assessment Year 2004-05, revenue h...