No Incriminating Material, No Addition: Bombay HC Dismisses Revenue Appeals in Search Cases

PCIT Vs Maneesh Pharmaceuticals Limited (Bombay High Court) Completed Assessments Protected: Bombay HC Rejects Additions Without Search Evidence;  Section 153A Not a Second Chance: Bombay HC Upholds Deletion of Additions;  Search Without Evidence Cannot Trigger Additions: Bombay HC Clarifies Section 153A Scope;  No Fresh Additions in Unabated Assessments Without Evidence: Bombay HC Ruling. The appeals were filed by the Revenue under Section 260A of the Income Tax Act, 1961 challenging a common order dated 25 October 2021 passed by the Income Tax Appellate Tribunal (ITAT), which upheld the o...