Section 153D Approval granted mechanically vitiates entire assessment: ITAT Delhi

Inder Chand Bajaj Vs DCIT (ITAT Delhi) ITAT Delhi held that approval memo u/s. 153D of the Income Tax Act is totally silent on the issues involved and has been granted omnibus approval without any thoughtful process being discernible. Thus, assessment order vitiated due to such mechanical approval. Facts- A search and seizure operation carried out at the various premises of Bajaj Group and its Associates including the Assessee and the Directors and others dated 20/04/2017, an assessment proceeding has been initiated against the Assessee and an assessment order came to be passed on 18/12/2019 ...