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Mechanical & ritualistic approval: Reassessment for Accommodation Entry quashed
Case Law Details
- Case Name
- Agroha Fincap Ltd Vs ITO (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2009-10
- Courts
- All ITAT, ITAT Delhi
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Agroha Fincap Ltd Vs ITO (ITAT Delhi)
Agroha Fincap Ltd filed an appeal against the order of the CIT(A), challenging the validity of the reassessment proceedings for AY 2009-10. The primary contention was that the approval u/s 151 of the Income Tax Act, which is a pre-requisite for reopening assessments, was defective and lacked proper application of mind.
The ITAT Delhi considered the argument raised by the assessee and examined the copy of the approval u/s 151. They found that the approving authority had merely mentioned “Yes, I am satisfied that it is a fit case for r...
