ITAT Delhi Quashes Assessments – Mechanical Approval u/s 153D Held Invalid

Mahagun India Pvt. Ltd. Vs ACIT (ITAT Delhi) ITAT Delhi Quashes Assessments in Mahagun Group – Mechanical Approval u/s 153D Held Invalid Delhi Tribunal annulled assessments framed u/s 153A/143(3) on the ground that the mandatory approval u/s 153D was granted in a mechanical manner, without application of mind. Assessee raised additional grounds challenging the validity of approval u/s 153D. It was pointed out that a common consolidated approval was given by Addl. CIT,  Delhi for multiple assessment years vide letter dated 10.08.2011, without reference to seized material, nature of additions...