Kerala HC Sets Aside ITAT Order as Section 153D Approval Was Not Specifically Examined

K.K. Builders Vs DCIT (Kerala High Court) The Kerala High Court set aside the order passed by the Income Tax Appellate Tribunal (ITAT), Cochin Bench, in a dispute arising from assessment proceedings initiated under Section 153A of the Income Tax Act, 1961 following a search and seizure operation conducted under Section 132. According to the facts recorded by the Court, incriminating materials were allegedly found during the search, leading to the issuance of a notice under Section 153A for Assessment Year 2009-10. The assessee filed returns in response to the notice, and the Assessing Officer ...