Approval granted under section 153D on ‘presumption’ basis is invalid

Akshata Realtors Pvt. Ltd. Vs ACIT (ITAT Raipur)

ITAT held that the Approval granted by the JCIT, Range Central, Raipur under section 153D on ‘presumption’ basis without thoroughly going through the seized material, assessment records etc. as perfunctory, without application of mind, mechanical i

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