https://www.taxtmi.com/caselaws?id=459093 ITAT Bangalore held that assessment framed under section 153A read with section 143(3) and 153D was invalid due to lack of application of mind by Additional Commissioner while granting approval. The court found that AO's letter seeking approval contained inconsistencies regarding assessment dates and failed to reference seized materials or statements. The approval was granted mechanically without proper verification, making it administrative rather than judicial. Additionally, ITAT condoned delay in filing appeal against section 143(1) intimation, recognizing assessee's legitimate concern about potential double taxation from joint development agreement additions in subsequent assessment year. en-us Fri, 20 Sep 2024 00:00:00 +0530 Fri, 29 Nov 2024 18:59:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459093 ITAT Bangalore held that assessment framed under section 153A read with section 143(3) and 153D was invalid due to lack of application of mind by Additional Commissioner while granting approval. The court found that AO's letter seeking approval contained inconsistencies regarding assessment dates and failed to reference seized materials or statements. The approval was granted mechanically without proper verification, making it administrative rather than judicial. Additionally, ITAT condoned delay in filing appeal against section 143(1) intimation, recognizing assessee's legitimate concern about potential double taxation from joint development agreement additions in subsequent assessment year. Case-Laws Income Tax Fri, 20 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459093