In the result, the appeals filed by the assessee are allowed, and the stay petitions dismissed as infructuous
Bench: Shri Sanjay Arora & Shri Manomohan Das
reassess taking into consideration the other material in respect of completed assessments/unabated assessments. Meaning thereby, in respect of completed/unabated assessments, no addition can be made by the Assessing Officer in the absence of any incriminating material found during the course of search under section 132 or requisition under section 132A of the Act, 1961. However, the completed/unabated assessments