Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Approval granted u/s 153D of the Act should reflect due application of mind by the designated authority and not be a mechanical exercise. Perfunctory approval without scrutinizing seized documents and materials forming the foundation of assessment lacks legal sanctity. The obligation of granting approval acts as an inbuilt protection against arbitrary or unjust exercise of discretion by the assessing officer. Approval granted in a mechanical manner defeats the purpose of obtaining approval u/s 153D. The impugned assessment order, consequent to such inexplicable approval, lacks legitimacy and is non-est and a nullity, liable to be quashed.
Approval granted u/s 153D of the Act should reflect due application of mind by the designated authority and not be a mechanical exercise. Perfunctory approval without scrutinizing seized documents and materials forming the foundation of assessment lacks legal sanctity. The obligation of granting approval acts as an inbuilt protection against arbitrary or unjust exercise of discretion by the assessing officer. Approval granted in a mechanical manner defeats the purpose of obtaining approval u/s 153D. The impugned assessment order, consequent to such inexplicable approval, lacks legitimacy and is non-est and a nullity, liable to be quashed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4830 
Join Channel 
