Legality of Prior approval of Joint Commissioner for assessment in search cases under Section 153D of the Income Tax Act’1961.

Legality of Prior approval of Joint Commissioner for assessment in search cases under Section 153D of the Income Tax Act’1961. https://www.taxtmi.com/article/detailed?id=9252 Assessments in search cases require prior approval by a Joint Commissioner level authority after substantive review; approvals granted mechanically or without sufficient time to examine seized material, appraisal reports and draft orders defeat the statutory safeguard and may render assessments vulnerable to annulment. Approving officers must receive the record timely and apply their mind, and last minute or perfunctory sanctions do not satisfy the mandatory purpose of prior approval. en-us Tue, 09 Jun 2020 10:12:33 +0530 Tue, 09 Jun 2020 10:12:33 +0530 TaxTMI RSS Generator Legality of Prior approval of Joint Commissioner for assessment in search cases under Section 153D of the Income Tax Act’1961. https://www.taxtmi.com/article/detailed?id=9252 Assessments in search cases require prior approval by a Joint Commissioner level authority after substantive review; approvals granted mechanically or without sufficient time to examine seized material, appraisal reports and draft orders defeat the statutory safeguard and may render assessments vulnerable to annulment. Approving officers must receive the record timely and apply their mind, and last minute or perfunctory sanctions do not satisfy the mandatory purpose of prior approval. Articles Income Tax Tue, 09 Jun 2020 10:12:33 +0530 https://www.taxtmi.com/article/detailed?id=9252