Dismissing the appeal of the revenue the Court held that , if no incriminating material was found , addition cannot be made in respect of unabated assessment . Followed CIT v.Murli agro products Ltd (2014)49 taxmann.com 172 (Bom) (HC).( ITA No. 555 of 2016 dt 26-09-2018) Arising ITA No 1553 & 3173 of 2010 dt 13-02 2015 www.itatonline.org)
PCIT v. Jignesh P. Shah (2018) 99 taxmann.com 111 (Bom.) (HC)
S. 153A : Assessment – Search and seizure-No incriminating material was found- Addition cannot be made in respect of unabated assessment which has became final .[ S.132, 143(3) ]