https://www.taxtmi.com/caselaws?id=406417 The Tribunal invalidated the approval granted under Section 153D of the Income Tax Act, deeming subsequent assessment orders void. Additional grounds of appeal were allowed for adjudication despite objections from the Revenue. Search assessments under Section 153A/143(3) were deemed invalid due to mechanical approval processes. Disallowance of alleged non-genuine purchases for the Assessment Year 2011-12 was restricted to 4% following precedents. The assessee's appeals were upheld, leading to the quashing of assessment orders, while the Revenue's appeals were dismissed. en-us Wed, 07 Apr 2021 00:00:00 +0530 Wed, 14 Apr 2021 08:47:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406417 The Tribunal invalidated the approval granted under Section 153D of the Income Tax Act, deeming subsequent assessment orders void. Additional grounds of appeal were allowed for adjudication despite objections from the Revenue. Search assessments under Section 153A/143(3) were deemed invalid due to mechanical approval processes. Disallowance of alleged non-genuine purchases for the Assessment Year 2011-12 was restricted to 4% following precedents. The assessee's appeals were upheld, leading to the quashing of assessment orders, while the Revenue's appeals were dismissed. Case-Laws Income Tax Wed, 07 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406417