Blocked input tax credit for resort construction remains unavailable; interest follows actual utilisation, while delayed payment attracts statutory pe...
Duplicate PAN allocation requires record verification and deactivation reasons before assessment-related transactions can be attributed to an assessee...
Faceless assessment safeguards require requested personal hearings and adequate final show-cause response time, failing which reassessment is required...
Page of 4891
Press 'Enter' after typing page number.
201 to 220 of 97820 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The Delhi High Court examined the validity of assessments u/s 153A and whether the specified authority granted approval in accordance with Section 153D. The court emphasized that approval u/s 153D must be granted for "each assessment year" and "each assessee" separately. Referring to a decision by the Allahabad High Court, it was highlighted that the approval process cannot be a mere formality but requires a genuine application of mind. The court noted that in the case at hand, a single approval was granted for multiple assessment years without individual scrutiny, raising concerns about the lack of independent assessment. Upholding the ITAT's decision, the court stressed the importance of thorough assessments and independent consideration for each assessment year.
The Delhi High Court examined the validity of assessments u/s 153A and whether the specified authority granted approval in accordance with Section 153D. The court emphasized that approval u/s 153D must be granted for "each assessment year" and "each assessee" separately. Referring to a decision by the Allahabad High Court, it was highlighted that the approval process cannot be a mere formality but requires a genuine application of mind. The court noted that in the case at hand, a single approval was granted for multiple assessment years without individual scrutiny, raising concerns about the lack of independent assessment. Upholding the ITAT's decision, the court stressed the importance of thorough assessments and independent consideration for each assessment year.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4891 
