Assessment Quashed as Section 153D Approval Was a Mechanical Exercise: ITAT Dehradun

DCIT Vs Sawhney Builders (ITAT Dehradun) The Dehradun Bench of the Income Tax Appellate Tribunal (ITAT) dismissed the Revenue’s appeal for Assessment Year 2012-13 after holding that the assessment order passed under Section 143(3) was invalid due to the absence of a valid approval under Section 153D of the Income-tax Act. The Tribunal examined the approval dated 30.01.2014 granted by the prescribed authority, which covered five different assessees and assessment years from 2006-07 to 2012-13. It noted that judicial precedents, including decisions of the Delhi High Court and the Supreme Court...