Mechanical “Approved” Sanction Void – ₹8.11 Cr Additions Deleted by ITAT Delhi

Sobhin Buildwell Private Limited Vs ITO (ITAT Delhi) Safeguards Not Rituals: ITAT Strikes Down 147 Reopening for Lack of Mindful Approval -ITAT Delhi Quashes ₹8.11 Cr Addition-Reopening Void Due to Mechanical Sanction- Just Writing “Approved” is Not Enough Background AO’s Action: Reopened assessment u/s 147 based on Investigation Wing info that assessee received accommodation entry of ₹10 lakh from Shalini Holdings Ltd. (Jain group). Additions made: ₹4.26 Cr – share capital u/s 68, ₹3.84 Cr – unsecured loans u/s 68, ₹18,000 – commission on alleged entry. CIT(A)/NFAC (0...