Granting statutory approval u/s. 153D without application of mind invalids entire search proceeding: ITAT Delhi

Mysore Finlease Pvt Ltd Vs ACIT (ITAT Delhi)

ITAT Delhi held that statutory approval given by a quasi judicial authority (here, JCIT) without due application of mind as contemplated in section 153D of the Income Tax Act would be fatal to the entire search assessment proceedings.

Facts-

A search and seizure operation u/s 132 of the Act was carried out on various group companies. According to the investigation wing, these groups were found to be interconnected with ea

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