Order framed u/s 153C without incriminating material found during search is unsustainable

Zoom Developers SEZ [Indore] Pvt. Ltd Vs A.C.I.T (ITAT Delhi) ITAT Delhi held that the additions/disallowance, devoid of any incriminating material found during the course of search, cannot validate the assessment orders framed u/s 153C of the Act. Accordingly, assessment orders u/s 153C cannot be sustained and liable to be quashed. Facts- A search and seizure operation u/s. 132 of the Act was conducted on 23.07.2015 and on subsequent dates at the residential as well as office premises of Shri Deepak Aggarwal, Shri Mukesh Kumar and Others group of cases based at Delhi. Allegation was that this...