Bench: DR. MITHA LAL MEENA (Accountant Member), DR. S. SEETHALAKSHMI (Judicial Member)
reassessment was pending on the date of initiation of search u/s 132 or making of requisition u/s 132A, addition or disallowances can be made only the basis of the incriminating material found during the search or requisition. If in relation to the assessment year, no increment material is found, no addition and disallowance can be made in relation to that