Common and composite approval under Section 153D was invalid: Delhi HC

PCIT Vs Anuj Bansal (Delhi High Court) Delhi High Court, in the case of PCIT vs. Anuj Bansal, dismissed the appeal filed by the Principal Commissioner of Income Tax, reaffirming its earlier stance on the invalidity of the approval granted under Section 153D of the Income Tax Act, 1961. The appeal had raised a specific question regarding whether the supervisory and advisory involvement of the approving authority should be considered when examining the validity of approval under Section 153D. The Court noted that the appellant had placed additional material, such as internal correspondence recor...