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2015 (11) TMI 1060 - AT - Income TaxValidity of assessment u/s. 153A - CIT(A) deleted the addition - Held that:- CIT(A) has rightly held that in the absence of any material found during the search, as a result, no disallowance / additions can be made in the assessment u/s. 153A of the I.T. Act. Even otherwise, we find force in the Ld. Counsel’s submissions that the issue in dispute is also covered by the decision of the Hon’ble Jurisdictional High Court in the case of CIT(Central)-III vs. Kabul Chawla [2015 (9) TMI 80 - DELHI HIGH COURT] wherein held that if the additions are made, but not based on any incriminating material found during search operation, then these additions were not sustainable in the eyes of law. In our considered opinion, the Ld. CIT(A) has rightly adjudicated the issue in dispute and accordingly rightly deleted the additions in dispute. - Decided in favour of assessee.
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