ITAT Delhi quashes Income Tax Search Assessments on Approval Defect

Shiv Kumar Nayyar Vs ACIT (ITAT Delhi) Income Tax Appellate Tribunal (ITAT) Delhi Bench, in the case of Shiv Kumar Nayyar Vs. ACIT, has nullified search assessments for multiple assessment years, ruling that the mandatory prior approval under Section 153D of the Income-tax Act, 1961, was granted mechanically and without proper application of mind by the approving authority. The decision, which consolidated appeals for assessment years (AYs) 2011-12 to 2015-16, highlights the critical importance of a judicious review process for assessment orders following search and seizure operations. The Gen...