Dismissing the appeal of the revenue, the Court held that the Assessing Officer could not assume jurisdiction under section 153A in the absence of any incriminating material during the course of the search for the year under consideration, which was admittedly an unabated assessment. Order of Tribunal affirmed. (AY. 2009-10)
PCIT (Central) v. Sitaram Prints (P.) Ltd. (2025) 307 Taxman 227 (Guj.)(HC)
S. 153A : Assessment-Search or requisition-Unabated assessment-No incriminating material found-Order of Tribunal deleting the addition was affirmed. [S. 260A]