Sec.153A Addition without incriminating material w.r.t. completed assessments not valid

Brief of the Case ITAT Delhi held In the case of M/s DMA Investment Pvt. Ltd. vs. DCIT that in the present case, no incriminating material was found or seized during the course of search and seizure operation. Under the circumstances, the issue is covered in favour of the assessee by the decision dated 28.8.2015 of the Hon’ble Delhi High Court in the case of CIT vs. Kabul Chawla, ITA No. 707, 709 and 713/2014 wherein it was held that Completed assessments can be interfered while making the assessment under Section 153 A only on the basis of some incriminating material unearthed during the co...