https://www.taxtmi.com/caselaws?id=275676 The court held that in the absence of incriminating material found during the search, the completed assessments should not be disturbed. The losses claimed were allowed to be carried forward, rejecting the additions made by the Assessing Officer. The judgment favored the view that incriminating material is necessary for any additions under section 153A, and the benefit of carry forward and set off of losses should be allowed in subsequent years. The matter was directed to be listed before the Division Bench for further action. en-us Wed, 25 Apr 2018 00:00:00 +0530 Fri, 12 Oct 2018 09:58:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275676 The court held that in the absence of incriminating material found during the search, the completed assessments should not be disturbed. The losses claimed were allowed to be carried forward, rejecting the additions made by the Assessing Officer. The judgment favored the view that incriminating material is necessary for any additions under section 153A, and the benefit of carry forward and set off of losses should be allowed in subsequent years. The matter was directed to be listed before the Division Bench for further action. Case-Laws Income Tax Wed, 25 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275676