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2016 (2) TMI 490 - AT - Income TaxAddition u/s 68 for unexplained cash credit for want of non-compliance - Held that:- Respectfully following the judgment of CIT vs Kabul Chawla [2015 (9) TMI 80 - DELHI HIGH COURT ] wherein it has been held that "Since no incriminating material was unearthed during the search, no additions could have been made to the income already assesseed", we hold that the completed assessments can be interfered with by the Assessing Officer only on the basis of some incriminating material unearthed during the course of search in the earlier assessment years. Since no incriminating material was found during the course of search with regard to the identity, genuineness and creditworthiness of the assessee company, we hold that the addition made by the ld. CIT(A) is unsustainable and deserves to be deleted - Decided in favour of assessee
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