Held that it was undisputed that no incriminating material was found during search and this was an unabated assessment. Hence, the addition was not sustainable. (AY. 2006-07)
Asst. CIT v. Paramount Probuild Pvt. Ltd. (2023) 101 ITR 36 (SN) (Delhi) (Trib)
S. 153A : Assessment-Search or requisition-Cash Credits-No incriminating material found during search-Unabated assessment-Addition is not sustainable. [S.68]