https://www.taxtmi.com/caselaws?id=450307 ITAT DELHI held that assessment under section 153C was invalid due to ineffective approval under section 153D. The JCIT granted approval without considering factual and legal positions, proposed additions, appraisal reports, or incriminating materials from search operations. This rendered the approval a mere formality rather than substantive consideration required by law. Following precedent from assessment year 2014-15, the Tribunal quashed the assessment for 2009-10 and dismissed Revenue's appeals, emphasizing that statutory approvals must involve genuine evaluation, not ritualistic compliance. en-us Tue, 10 Oct 2023 00:00:00 +0530 Thu, 29 Feb 2024 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450307 ITAT DELHI held that assessment under section 153C was invalid due to ineffective approval under section 153D. The JCIT granted approval without considering factual and legal positions, proposed additions, appraisal reports, or incriminating materials from search operations. This rendered the approval a mere formality rather than substantive consideration required by law. Following precedent from assessment year 2014-15, the Tribunal quashed the assessment for 2009-10 and dismissed Revenue's appeals, emphasizing that statutory approvals must involve genuine evaluation, not ritualistic compliance. Case-Laws Income Tax Tue, 10 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450307