No incriminating material unearthed during search – no addition could be made on matters which were examined earlier during original assessment

Pr. CIT Vs Marichika Properties (P) Ltd. (Delhi High Court) Since no incriminating material was unearthed by AO during the course of search operation under section 132, therefore no addition could be made during the relevant assessment year under section 153A by reopening the assessment on the matter which was examined earlier during original assessment concluded under section 143(3).  FULL TEXT OF THE HIGH COURT ORDER / JUDGMENT The revenue’s grievance is with respect to the ITAT’s impugned order deleting the additions made consequent to an assessment pursuant to search and seizu...