https://www.taxtmi.com/caselaws?id=293368 The ITAT allowed the appeals, reversing the CIT(A)'s decision, due to the absence of mandatory approval under section 153D of the Income Tax Act, 1961, rendering the assessment orders invalid. Additionally, the ITAT ruled that interest under sections 234A and 234B should be calculated based on returned income, not assessed income, aligning with jurisdictional High Court precedents. en-us Thu, 19 Dec 2019 00:00:00 +0530 Wed, 13 Nov 2024 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293368 The ITAT allowed the appeals, reversing the CIT(A)'s decision, due to the absence of mandatory approval under section 153D of the Income Tax Act, 1961, rendering the assessment orders invalid. Additionally, the ITAT ruled that interest under sections 234A and 234B should be calculated based on returned income, not assessed income, aligning with jurisdictional High Court precedents. Case-Laws Income Tax Thu, 19 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293368