https://www.taxtmi.com/caselaws?id=462569 The ITAT Delhi held that a common approval under section 153D granted for 28 cases was invalid, as separate approvals are required for each assessment year even for a single assessee. The tribunal relied on landmark precedents including PCIT Vs. Shiv Kumar Nayyar (Delhi HC), Anuj Bansal (SC), and MDLR Hotels (P.) Ltd. (Delhi HC) which established this principle. The assessment was quashed due to lack of valid approval under section 153D, and the assessee's appeal was allowed. en-us Tue, 08 Apr 2025 00:00:00 +0530 Tue, 01 Jul 2025 19:08:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462569 The ITAT Delhi held that a common approval under section 153D granted for 28 cases was invalid, as separate approvals are required for each assessment year even for a single assessee. The tribunal relied on landmark precedents including PCIT Vs. Shiv Kumar Nayyar (Delhi HC), Anuj Bansal (SC), and MDLR Hotels (P.) Ltd. (Delhi HC) which established this principle. The assessment was quashed due to lack of valid approval under section 153D, and the assessee's appeal was allowed. Case-Laws Income Tax Tue, 08 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462569