2023 (2) TMI 971

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..... HELD THAT:- The appeal before the CIT(Appeals) was directed against the addition of income by the AO taking production on presumptive basis and working out estimated income. The factum of addition not being based on any incriminating material found during the search is not disputed. Exactly identical substantial question of law came up for consideration before this Court at Gwalior Bench in [ 2 .....

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..... dated 23.12.2021 passed by the Income Tax Appellate Tribunal, Bench Indore in ITA No. 67/Ind/2021(Revenue's Appeal) for the Assessment Year 2015-16. The substantial question of law which has been raised by the appellant in this appeal is whether in absence of any incriminating documents seized during the course of search, the Assessing Officer is justified in making the addition in non-aba .....

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..... ipal Commissioner of Income Tax Vs. Gahoi Foods Private Ltd). Vide order dated 12.07.2019, these appeals were disposed of holding that in the given facts of the present case, as no incriminating documents during the course of search were found, the order in appeal cannot be said to have suffered any illegality as would give rise to proposed substantial question of law. Consequently, the appeals we .....

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