https://www.taxtmi.com/caselaws?id=289576 The tribunal concluded that the assessments were invalid due to the lack of proper approval under Section 153D, as the JCIT did not apply his mind while granting approval. The assessments were also barred by limitation as they were communicated after the statutory period. Consequently, all the impugned assessments were quashed, and the Revenue's appeals were dismissed, while the assessees' appeals and cross-objections were allowed. The tribunal emphasized the importance of thorough scrutiny and adherence to statutory requirements in the approval process to ensure valid assessments. en-us Wed, 31 Jul 2019 00:00:00 +0530 Fri, 07 Aug 2020 06:50:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289576 The tribunal concluded that the assessments were invalid due to the lack of proper approval under Section 153D, as the JCIT did not apply his mind while granting approval. The assessments were also barred by limitation as they were communicated after the statutory period. Consequently, all the impugned assessments were quashed, and the Revenue's appeals were dismissed, while the assessees' appeals and cross-objections were allowed. The tribunal emphasized the importance of thorough scrutiny and adherence to statutory requirements in the approval process to ensure valid assessments. Case-Laws Income Tax Wed, 31 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289576