Dismissing the appeal of the revenue the Court held that completed assessment could not be abated unless some incriminating evidence or material was found during search qua additions made by Assessing Officer. Followed, CIT v. All Cargo Global Logistics Ltd (2015) 374 ITR 645 (Bom.)(HC), CIT v. Continental Warehousing Corporation (Nhava Sheva) Ltd. (2015) 374 ITR 645 (Bom.)(HC)
PCIT v. Caprihans India Ltd. (2020) 114 taxmann.com 103 (Bom.) (HC) Editorial : SLP of revenue is dismissed due to low tax effect, PCIT v. Caprihans India Ltd. (2020) 269 Taxman 385 (SC)
S. 153A : Assessment-Search-Completed assessment could not be abated unless some incriminating evidence or material was found during search qua additions made by Assessing Officer. [S. 132]