Dismissing the appeal of the Revenue the Court helld that no addition can be made in respect of unabated assessments which have become final if no incriminating material is found during search. Followed, CIT v. Continental Warehousing Corporation (Nhava Sheva) Ltd (2015) 374 ITR 645/ 232 Taxman 270 (Bom)(HC)
PCIT v. Saroj Sudhir Kothari (2023) 154 taxmann.com 359 (Bom)(HC) Editorial: SLP of Revenue, dismissed, PCIT v. Saroj Sudhir Kothari (2023) 294 Taxman 598 (SC)
S. 153A : Assessment-Search-No incriminating material-Unabated assessments-No addition can be made-Order of Tribunal is affirmed. [S. 132, Art.226]