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2018 (4) TMI 129 - AT - Income TaxValidity of Section 153A proceedings - Held that:- Assessing Officer had framed two regular assessments well before the search in question not leading to any incriminating material. We thus follow hon’ble jurisdictional high court’s decision in PCIT vs. Saumya Construction Pvt. Ltd. [2016 (7) TMI 911 - GUJARAT HIGH COURT] holding that the impugned proceedings u/s. 153A of the Act are not sustainable in absence of any incriminating material or evidence found/seized during the course of search - Decided in favour of assessee
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