Consolidated approval u/s. 153D granting in mechanical manner is void-ab-initio

Shakuntalam Investment And Leasing Limited Vs ACIT (ITAT Delhi)

ITAT Delhi held that assessment order passed on the basis of consolidated approval under section 153D of the Income Tax Act in mechanical manner without application of mind is void-ab-initio and hence assessment is liable to be quashed. Accordingly, appeals are allowed.

Facts- Assessee has preferred the present appeal mainly contesting that the assessment orders passed u/s 153A/143(3) of the Act is void-ab-initio as the said assessment order has been passed based on combined/consolidated approva

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