Signed in a Day, Scrapped Forever – 153D Approval for 43 Cases Leads to Complete Collapse of Assessment

ACIT Vs Deepa Talwar (ITAT Delhi) No Independent Mind, No Valid Assessment: ITAT Strikes Down 153A Order for Mechanical Sanction When Husband Paid, Wife Can’t Be Taxed – ITAT Deletes Property Addition A search took place in the case of the assessee and her husband, and assessment was framed u/s 153A. The assessee challenged the validity of the assessment in her cross objection. She argued that the assessment was time-barred u/s 153B because the extension taken on the basis of an FT&TR reference was invalid, as she held no foreign assets. More importantly, she demonstrated that the mand...