No Section 153A Additions if no Incriminating Material found during search: ITAT Jaipur

Naval Kishore Vs DCIT (ITAT Jaipur) The case Naval Kishore Vs. DCIT revolved around the validity of the assessment conducted under Section 153A of the Income Tax Act following a search operation at the assessee’s residence. The search was part of a larger operation against the Bajaj Group, but only lasted five minutes in Kishore’s case, during which no incriminating material was found. The key issue was whether the absence of such material barred the Assessing Officer (AO) from invoking Section 153A and making additions based on documents found during searches at other premises. The In...