Duplicate PAN cancellation timeframe requires prior administrative representation before judicial intervention, ensuring a time-bound decision on the ...
Natural justice and pre-CIRP labour awards protect termination compensation, permitting withdrawal of court deposits despite later insolvency resoluti...
Arbitration of SEZ sub-lease monetary claims preserves rent, maintenance, termination, improvements and damages disputes while unused premises are vac...
Scientific research approval grants a research association tax recognition, subject to annual donor reporting, certification, and regulatory complianc...
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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