Held that additions were not based on any incriminating material found during search and assessment was not pending on date of search hence additions were unjustified. Order of Tribunal was affirmed. (AY. 2008-09)
PCIT v. Jaypee Financial Services Ltd. (2021) 280 Taxman 147 (Delhi)(HC)
S. 153A : Assessment-Search or requisition-Client code, modification-No incriminating material was found in the course of search-Assessment was not pending on date of search-Deletion of addition was held to be justified. [S. 132]