Assessments concluded u/s 153A without Mandatory Approval is Invalid: ITAT [Read Order]
The Tribunal held that in case the AO can lay a hand on any evidence showing the existence and content of approval, the application may be filed for re-calling the order
The Delhi bench of the Income Tax Appellate Tribunal( ITAT ) has held that assessments concluded under section 153A of the Income Tax Act, 1961 without mandatory approval are invalid. The Section 153D of the Income Tax Act mandates that no order of assessment or reassessment shall be passed by an AO below the rank…
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