https://www.taxtmi.com/caselaws?id=459649 The ITAT allowed the assessee's appeal, addressing three key issues. Firstly, it condoned the delay in filing the appeal due to financial constraints. Secondly, it admitted the challenge to the validity of the approval under Section 153D, finding the process mechanical and lacking individual scrutiny. Lastly, the Tribunal quashed the assessment order, citing improper approval of 110 cases in one day, referencing the Delhi HC's ruling in PCIT vs. Shiv Kumar Nayyar. The decision underscored the necessity for individual scrutiny and valid approval processes in assessments under the Income Tax Act. en-us Fri, 06 Sep 2024 00:00:00 +0530 Fri, 20 Dec 2024 19:51:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459649 The ITAT allowed the assessee's appeal, addressing three key issues. Firstly, it condoned the delay in filing the appeal due to financial constraints. Secondly, it admitted the challenge to the validity of the approval under Section 153D, finding the process mechanical and lacking individual scrutiny. Lastly, the Tribunal quashed the assessment order, citing improper approval of 110 cases in one day, referencing the Delhi HC's ruling in PCIT vs. Shiv Kumar Nayyar. The decision underscored the necessity for individual scrutiny and valid approval processes in assessments under the Income Tax Act. Case-Laws Income Tax Fri, 06 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459649