ITAT Quashes Search Assessment: Mechanical 153D Approval Lacked Application of Mind

Krishan Kumar Makrania Pro Vs DCIT (ITAT Delhi) One Blanket Approval for 30 assessment Years & 6 Assessees Is Illegal – Jurisdictional Defect in 153D Approval Sinks Entire Case  A search u/s 132 was conducted in the Makrania Group on 23.08.2017. Pursuant to search, assessments were framed u/s 153A & 153C r.w.s 143(3) making multiple additions in the hands of various family members for several years. These assessments were upheld by CIT(A). Aggrieved, the Assessees filed appeals before Tribunal & also raised additional legal grounds challenging the validity of approval granted u...