Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
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 4828 
Join Channel 
