2023 (3) TMI 474 - AT - Income Tax

Assessment u/s 153A - Unexplained cash credit u/s 68 - incriminating material found in search or not? - HELD THAT:- No infirmity in the finding of CIT(A) who has rightly deleted the alleged addition observing that no incriminating material or document related to the addition of share capital and share premium as made by AO were found during the course of search and the assessment year in question is a completed and unabated year. Thus, all the grounds raised by the Revenue for AY 2011-12 are dismissed.