High Court held that no addition can be made in respect of unabated assessments which have become final if no incriminating material is found during search. SLP of Revenue is dismissed following, PCIT v. Abhisar Buildwell (P.) Ltd. [2023] 149 taxmann.com 399/293 Taxman 141/454 ITR 212 (SC).
PCIT v. Saroj Sudhir Kothari (2023) 455 ITR 379/294 Taxman 598 (SC) Editorial : PCIT v. Saroj Sudhir Kothari (2023) 154 taxmann.com 359 (Bom)(HC)
S. 153A : Assessment-Search-No incriminating material-Addition cannot be made in respect of unabated assessments-SLP of Revenue is dismissed. [S. 132 Art. 136]