ITAT clarifies mandatory superior officer approval for assessment orders post-search u/s 153D of Income Tax Act.

ITAT clarifies mandatory superior officer approval for assessment orders post-search u/s 153D of Income Tax Act. https://www.taxtmi.com/highlights?id=68800 Assessment u/s 153A - Approval for assessment - the ITAT has correctly set out the legal position while holding that the requirement of prior approval of the superior officer before an order of assessment or reassessment is passed pursuant to a search operation is a mandatory requirement of Section 153D of the Act and that such approval is not meant to be given mechanically. - HC en-us Sat, 18 Mar 2023 12:28:09 +0530 Sat, 18 Mar 2023 12:28:09 +0530 TaxTMI RSS Generator ITAT clarifies mandatory superior officer approval for assessment orders post-search u/s 153D of Income Tax Act. https://www.taxtmi.com/highlights?id=68800 Assessment u/s 153A - Approval for assessment - the ITAT has correctly set out the legal position while holding that the requirement of prior approval of the superior officer before an order of assessment or reassessment is passed pursuant to a search operation is a mandatory requirement of Section 153D of the Act and that such approval is not meant to be given mechanically. - HC Highlights Income Tax Sat, 18 Mar 2023 12:28:09 +0530 https://www.taxtmi.com/highlights?id=68800