Allowing the appeal of the assessee the appellate Tribunal held that when no incriminating documents were found in the course of search, items already disclosed in original return of income and balance-sheet to revenue department and such assessment have completed prior to date of search and no assessment was abated. Addition is held to be not justified . ( AY.2003-04 to 2006-07)
Alankar Saphire Developers v Dy. CIT (2020) 81 ITR 549 (Delhi) (Trib)
S. 153A : Assessment – Search- No incriminating documents were found in the course of search- Items already disclosed in original return of income and balance-sheet to revenue department and such assessment have completed prior to date of search and no assessment was abated. [ S.68 ]