Tribunal held that , no incriminating material was found in the course of search proceedings . Accordingly net agricultural income accepted during assessment proceedings, addition cannot be made on net agricultural income .( AY.2006 -07 to 2011-12)
ACIT v. Mahesh Bhagwat Chaudhary. (2018) 65 ITR 343 (Pune) (Trib)
S. 153A : Assessment – Search- No incriminating material was found in the course of search proceedings – Net agricultural income accepted during assessment proceedings — Addition cannot be made on net agricultural income .