Approval accorded u/s. 153D in mechanical manner is unsustainable: Delhi HC

PCIT Vs MDLR Hotels Pvt Ltd (Delhi High Court) Delhi High Court held that approval accorded in terms of section 153D of the Income Tax Act in a mechanical manner without application of mind is unsustainable in law. Accordingly, appeal of revenue dismissed and assessment order quashed. Facts- The present appeals are preferred by the revenue. The issue is principally concerned with the validity of the approval accorded in terms of Section 153D of the Income Tax Act,1961. Revenue has mainly contested that ITAT has erred in allowing the appeal of the assessee and quashing the assessment order by h...