Held that no corroborative evidence had been brought by the Revenue on post-dated cheques based on the first search. The Commissioner (Appeals) as well as the Assessing Officer had failed to establish that the assessee-company was involved in unexplained or unaccounted money transactions. Addition was held to be not valid. (AY.2011-12)
Elite Realtech Pvt. Ltd. v. ACIT (2021) 88 ITR 401 (Delhi)(Trib.)
S. 153A : Assessment-Search or requisition-No incriminating material was found-Addition cannot be made merely on the basis of post dated cheques without any corroborative evidence. [S. 132]