Treatment of S. 153D Income Tax Act as pari-materia to S. 148 mechanism by AO without Approval: ITAT remands 49 Appeals to CIT(A) [Read Order]

Given the significant procedural lapse and in the interest of justice, the ITAT decided to remand all 49 appeals back to the CIT(A) for re-adjudication
By Manu Sharma - On August 28, 2024 10:09 am - 2 mins read
ITAT - ITAT Cochin - Income Tax Act - ITAT remand - ITAT remands 49 Appeals - CIT(A) - Section 153D - AO - TAXSCAN

The Income Tax Appellate Tribunal ( ITAT ) Cochin Bench recently addressed a significant issue in a batch of 49 appeals involving various entities from the ABC Sales Corporation group for improper application of Section 153D of the Income Tax Act, 1961, which requires the Assessing Officer ( AO ) to obtain prior approval from…

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