https://www.taxtmi.com/caselaws?id=199523 In search assessments under section 153A, additions cannot be sustained for a completed year when no incriminating material is found during search; the Tribunal applied that principle and deleted the additions. It further held that audited books could not be rejected, and a gross profit estimate could not be made, merely because the stock register was not produced. The absence of incriminating documents and the inadequacy of that single defect meant the trading additions lacked support. The legal ground on the scope of section 153A was accepted only to the extent necessary to delete the additions, and the Revenue's challenge failed. en-us Wed, 13 Jan 2016 00:00:00 +0530 Tue, 06 Mar 2018 09:46:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199523 In search assessments under section 153A, additions cannot be sustained for a completed year when no incriminating material is found during search; the Tribunal applied that principle and deleted the additions. It further held that audited books could not be rejected, and a gross profit estimate could not be made, merely because the stock register was not produced. The absence of incriminating documents and the inadequacy of that single defect meant the trading additions lacked support. The legal ground on the scope of section 153A was accepted only to the extent necessary to delete the additions, and the Revenue's challenge failed. Case-Laws Income Tax Wed, 13 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199523