Reopening u/s. 148 quashed as based on mechanical approval u/s. 151

ITO Vs Antriksh Growth Fund Ltd (ITAT Delhi) ITAT Delhi held that approval granted under section 151 of the Income Tax Act in mechanical manner without application of mind hence reopening of assessment based on such mechanical order is liable to be quashed. Facts- The Revenue filed appeal against the order of the Ld. CIT(A) in deleting the addition made u/s 68 of the Act and the assessee filed cross objection challenging the validity of the reassessment order as the approval of appropriate authority u/s 151 of the Act was without application of mind and therefore the assessment completed pursu...