The Tribunal held that the return was completed and no assessment was pending on the date of the search. During the course of search, no incriminating material was found for making the addition, hence assessment is held to be not valid .( AY.2010-11)
Dy. CIT v. Madhyam Housing Pvt. Ltd. (2020)78 ITR 296 ( Delhi) (Trib)
S. 153A : Assessment – Search-No incriminating material found during search — Assessment completed on date of search cannot be disturbed — Assessment not valid.[ S.132]