2017 (2) TMI 724 - GUJARAT HIGH COURT

Addition made under Section 153 A - validity of assessment - Held that:- The search conducted was on 10.02.2006. The assessment for AY 200405 was framed on the basis of material already on record much prior to the search conducted on 10.02.2006. It was a scrutiny assessment under Section 153 A of the Act and on the basis of the material on record, the assessment was framed for AY 200405. On the basis of some incriminating material found / detected during the search on 10.02.2006, which was for the period of !Y 200405 onwards and in absence of any specific incriminating material detected for the AY 200405, the AO was not justified in making any addition - Decided in favour of assessee