https://www.taxtmi.com/caselaws?id=459207 The ITAT Pune held that assessments framed under section 153A without valid approval under section 153D are null and void. The tribunal emphasized that section 153D approval must be granted on a standalone basis after examining complete records for each assessment year, not as a mechanical exercise. Following the coordinate bench decision in SMW Ispat (P.) Ltd., the tribunal ruled that conditional approval is unsustainable in law, requiring absolute approval. Consequently, all impugned section 153A assessments were quashed for lacking valid section 153D approval. en-us Tue, 24 Sep 2024 00:00:00 +0530 Wed, 04 Dec 2024 21:50:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459207 The ITAT Pune held that assessments framed under section 153A without valid approval under section 153D are null and void. The tribunal emphasized that section 153D approval must be granted on a standalone basis after examining complete records for each assessment year, not as a mechanical exercise. Following the coordinate bench decision in SMW Ispat (P.) Ltd., the tribunal ruled that conditional approval is unsustainable in law, requiring absolute approval. Consequently, all impugned section 153A assessments were quashed for lacking valid section 153D approval. Case-Laws Income Tax Tue, 24 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459207