Held that absent of incriminating material for an unabated assessment year, addition cannot be made merely on the basis of a statement recorded during the search. (AY. 2010-11)(ITA No. 1342 /Pun/ 2023 dt 13-8 2024)
DCIT v. Marsh Fincom Pvt Ltd (2024) Chamber’s Journal-September-P. 114 (Pune)(Trib)
S. 153A: Assessment-Search-Unabated assessment year-No incriminating material-Addition cannot be made merely on the basis of statement recorded during search.[S. 132, 132(4)]
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