Section 153D Approval Was Granted Mechanically – ITAT Delhi Quashes Assessments

Bhupendra Autotech Industries Pvt. Ltd. Vs DCIT (ITAT Delhi) The assessee filed appeals against the orders of the Commissioner of Income-tax (Appeals)-3, Gurgaon, relating to Assessment Years 2010-11 to 2013-14. The assessments had been framed by the Assessing Officer under Section 153A(1)(b) of the Income-tax Act. One of the principal grounds raised by the assessee challenged the validity of the assessments on the basis that the approval granted under Section 153D of the Act had been issued without proper application of mind and was therefore invalid. The Department argued that Section 292BC,...