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2019 (12) TMI 1416 - AT - Income TaxAssessment u/s 153A - Deemed dividend u/s.2(22)(e) - Whether completed assessment can be interfered with by the AO u/s.153A of the Act only on the basis of some incriminating material found during the search action? - HELD THAT:- It is an undisputed position in this case that no incriminating material was found during the course of search and it is a settled law that no addition can be made while framing the assessment u/s.153A of the I.T.Act in the absence of any incriminating material found during the search. Keeping in view of the above, we find no reason to interfere into or deviate from the lawful findings so recorded by the ld.CIT(A), accordingly we upheld the same by dismissing this ground of appeal raised by the Revenue.
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