ITAT Allahabad Quashed Assessments for Mechanical Section 153D Approval to 63 cases in one day

Minto Developers Pvt. Ltd. Vs ACIT (ITAT Allahabad) In a consolidated order, the Income Tax Appellate Tribunal, Allahabad Bench, decided multiple appeals and cross-objections arising from search and assessment proceedings in a group of connected cases, with one appeal taken as the lead matter. The dispute stemmed from a search conducted under section 132, followed by assessments framed under section 153A after earlier proceedings before the Income Tax Settlement Commission abated under section 245HA. The assessees challenged the validity of the assessments primarily on two legal grounds: limit...