Case Law Details
Case Name : Minda Capital Pvt. Ltd. Vs ACIT (ITAT Delhi)
Related Assessment Year : 2016-17
Courts :
All ITAT ITAT Delhi
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Minda Capital Pvt. Ltd. Vs ACIT (ITAT Delhi)
ITAT Delhi held that granting of single approval under section 153D of the Income Tax Act for difference assessment years and that too mechanically without application of mind is not sustainable. Accordingly, entire proceedings initiated u/s. 153C quashed.
Facts- Vide the present appeal, the appellant has raised an additional ground mainly contesting that approval accorded under section 153D of the Act (if any) is a mechanical and arbitrary approval without there being any application of mind and also without satisfying the statutory preconditions o...
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Thanks for sharing case law