Consolidated section 153D approval without examining records or incriminating material invalid

Balaji Metal Tech Pvt. Ltd. Vs DCIT (ITAT Delhi) Mechanical Invalid Approval Invalidates Assessment & Assessment Under Wrong Section Fatal ITAT Delhi has quashed the assessment framed for AY 2018-19 & dismissed Revenue’s appeals for AYs 2014-15 to 2017-18. The Tribunal held that the assessment was vitiated since approval was granted mechanically without application of mind & the AO had wrongly completed the proceedings u/s 143(3) instead of 153C, despite clear reference to section 153C in the approval process. Assessee had challenged the validity of the assessment for AY 2018-19...