While granting sanction u/s 151, application of mind is sacrosanct

CA Prarthana Jalan The Hon’ble Delhi ITAT has in the case of The I.T.O Versus M/s Observer Investment & Finance Pvt. Ltd vide judgement dated 24.02.2016 has held that while granting sanction u/s 151 of the I.T Act,1961 for granting sanction for approval of re-assessment proceedings it is necessary for the authorithy to apply his/her mind. Mere affiction of signature along with date cannot be considered as proper approval. Brief facts of the case are that on the basis of information recieved from the Investigation Directorate about the bogus accommodation entries, the case was reopene...