https://www.taxtmi.com/caselaws?id=176579 The Tribunal annulled the assessment order due to lack of proper approval under Section 153D, allowing the appeal filed by the assessee. Other issues regarding disallowances and fair market value were not specifically addressed due to the annulment. The Tribunal held that the approval granted was mechanical and lacked proper application of mind, rendering the assessment order invalid under Section 143(3) read with Section 153A. The Assessing Officer is granted liberty to take further action as per the law. en-us Wed, 19 Aug 2015 00:00:00 +0530 Fri, 12 Jun 2026 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176579 The Tribunal annulled the assessment order due to lack of proper approval under Section 153D, allowing the appeal filed by the assessee. Other issues regarding disallowances and fair market value were not specifically addressed due to the annulment. The Tribunal held that the approval granted was mechanical and lacked proper application of mind, rendering the assessment order invalid under Section 143(3) read with Section 153A. The Assessing Officer is granted liberty to take further action as per the law. Case-Laws Income Tax Wed, 19 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176579