https://www.taxtmi.com/caselaws?id=770510 ITAT Bangalore held that AO cannot make additions under Section 153A without incriminating material found during search for the relevant assessment year. Following SC precedent in Abhisar Buildwell, completed assessments cannot be reopened under Section 153A absent incriminating material, though Section 147/148 powers remain available subject to conditions. The addition under Section 69 for undisclosed closing stock was also deleted as assessee carried forward stock from earlier years without acquiring new stock during the impugned year, thus no unexplained investment occurred requiring disclosure. en-us Fri, 25 Apr 2025 00:00:00 +0530 Mon, 12 May 2025 09:19:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770510 ITAT Bangalore held that AO cannot make additions under Section 153A without incriminating material found during search for the relevant assessment year. Following SC precedent in Abhisar Buildwell, completed assessments cannot be reopened under Section 153A absent incriminating material, though Section 147/148 powers remain available subject to conditions. The addition under Section 69 for undisclosed closing stock was also deleted as assessee carried forward stock from earlier years without acquiring new stock during the impugned year, thus no unexplained investment occurred requiring disclosure. Case-Laws Income Tax Fri, 25 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770510