Addition u/s 69A Quashed: No Evidence Found in Search, Jurisdictional Issues Cited in Assessment Order.

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....Assessment u/s 153A - Addition u/s 69A by the Assessing Officer on account of difference in amount credited in bank and sale proceeds shown in the income tax return. It is settled law that no addition can be made u/s 153A other than based on incriminating documents found during the search. Since no incriminating material was found during the search nor brought on record by the Assessing Officer, the issue is covered by the Supreme Court judgment in Abhisar Buildwell (P.) Ltd, and the addition made by the Assessing Officer is deleted in the absence of any incriminating material found during the course of search u/s 132. Validity of the assessment order passed by the Assessing Officer u/s 153A - Addition made u/s 69A on account of difference .........