Approval u/s 153D is mandatory, even if it is second round assessment: ITAT Delhi

ACIT Vs S.S. Con-Build Pvt Ltd (ITAT Delhi) The sale issue before the ITAT Delhi is whether assessment framed in second round (After remand back to AO by ITAT) under section 153A without getting approval under section 153D of Act, is sustainable in law or not. ITAT decided the issue in favor of assessee. Before CIT (A) revenue submitted that the approval u/s. 153D is not required as assessment proceedings had not been set aside or annulled and the Hon’ble ITAT had given a time period of 120 days with specific directions to verify certain matters and the assessment had not been set aside ...