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2019 (7) TMI 119 - AT - Income TaxAssessment u/s 153A - additions u/s 68 - share application money - absence of incriminating material during search - HELD THAT:- We find that the assessment for the assessment year 2011-12 was already completed when search action u/s 132 was carried out at the premises of the assessee. No incriminating material found during the search in respect of the addition made by the AO, therefore, the addition made by the AO in the impugned assessment year is without jurisdiction. Thus, the legal ground raised by the assessee is allowed and the assessment order is held as invalid, consequent upon the entire addition made therein are directed to be deleted.
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