Mechanical Rubber Stamp Section 153D Approval for Multiple Years Invalid: ITAT Delhi

Vinod Jindal Vs DCIT (ITAT Delhi) Revenue’s Rubber Stamp Costs Dear – ITAT Deletes Additions & Penalty – Separate 153D Approval Needed for Each AY – ITAT Restores Rule of Law  Background A search and seizure operation under Section 132 of the Income Tax Act, 1961 was conducted on 6 June 2018 on the SRS Group and its associates, including Mr. Vinod Jindal. Pursuant to the search, notices under Section 153A were issued for Assessment Years (AYs) 2013–14 to 2018–19. Mr. Jindal filed returns, but the Assessing Officer (AO) made additions under Section 68 (unexplained credits) ...