Section 153D Approval Invalid Without Assessment Records: No Cure Under Section 292B

PCIT Vs Anuj Bansal (Delhi High Court)

Approval Under Section 153D Given Without Considering Assessment Records and Seized Material Invalid and Not Curable Under Section 292B of Income Tax Act, 1961

The recent Delhi High Court case of PCIT vs Anuj Bansal has important implications for the interpretation of Section 153D and Section 292B of the Income Tax Act, 1961. The appellant/revenue sought to challenge an order passed by the Income Tax Appellate Tribunal, which had set aside income additions due to a lack of proper

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