Section 153A Assessment Annulled Due to Mechanical Section 153D Approval: Delhi HC

PCIT Vs Tirupati Buildings & Offices Pvt Ltd (Delhi High Court) The Delhi High Court considered an appeal filed by the Revenue challenging an order of the Income Tax Appellate Tribunal (ITAT). The Tribunal had annulled an assessment framed under Section 153A of the Income Tax Act, 1961 on the ground that the statutory approval required under Section 153D had been granted without application of mind. Upon hearing the Revenue’s counsel and examining the order of the Tribunal, the High Court held that the appeal did not raise any substantial question of law. The Court observed that the Trib...