2018 (1) TMI 131 - ITAT KOLKATA - Income Tax

Head Note / Extract:
Additions in the search assessment framed u/s 153A/143(3) - absence of any incriminating material found during the course of search to that effect - Held that:- The assessments for the Asst Years 2009-10 and 2012-13 fall under the category of completed assessments and hence the additions made by the ld AO which are contested before us by the assessee cannot be made in the assessments framed u/s 153A of the Act as they are not backed by any incriminating materials found in the course of search. Accordingly the grounds raised by the assessee for all the appeals are allowed.