Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
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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.
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