No Income Tax Addition Permissible in Unabated Assessment Without Incriminating Material Found During Search u/s 132: ITAT

The Income Tax Appellate Tribunal (ITAT) has ruled against making additions to income in unabated assessment cases where no incriminating material was discovered during any search operations. The tribunal clarified that the provisions of Section 153A of the Income Tax Act, which pertains to assessments in cases of search, should be limited to instances where concrete evidence of undisclosed income is found during the search, preventing additions based on mere assumptions or routine inquiries in the absence of such evidence.