Sec. 68 & 153C of the Income-tax Act, 1961 - Cash credit - Revenue challenged the order of Tribunal in deleting the additions made u/s. 68 on account of share application money in the assessments u/S. 153C r/w S. 143(3) on the ground that in the absence of any incriminating material found during search, additions made in the assessed income are unsustainable in law. High Court dismissed the Tax Appeals of the revenue holding that “This issue is squarely covered by the judgment of this Court in the case CIT v. Continental Warehousing Corpn. (Nhava Sheva) Ltd. In Supreme Court, Leave granted. PR. CIT V/s DHANANJAY INTERNATIONAL LTD. - [2020] 270 TAXMAN 015 (SC)