https://www.taxtmi.com/caselaws?id=464986 ITAT Delhi quashed the assessment framed u/s 153C r.w.s. 143(3), holding that the AO's satisfaction note was general, casual, and lacked any specific detail of escapement of income, relevant assessment year, or incriminating material, contrary to law laid down by the Delhi HC. The Tribunal further held that the approval u/s 153D by the Addl. CIT was invalid, vitiating the entire proceedings. On merits, ITAT deleted the addition u/s 69C relating to alleged unexplained investment in land, accepting that the assessee paid only Rs. 17 crores directly to farmers and that documents found with the intermediary were unacted, "dead" documents. en-us Fri, 19 Sep 2025 00:00:00 +0530 Wed, 26 Nov 2025 15:33:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464986 ITAT Delhi quashed the assessment framed u/s 153C r.w.s. 143(3), holding that the AO's satisfaction note was general, casual, and lacked any specific detail of escapement of income, relevant assessment year, or incriminating material, contrary to law laid down by the Delhi HC. The Tribunal further held that the approval u/s 153D by the Addl. CIT was invalid, vitiating the entire proceedings. On merits, ITAT deleted the addition u/s 69C relating to alleged unexplained investment in land, accepting that the assessee paid only Rs. 17 crores directly to farmers and that documents found with the intermediary were unacted, "dead" documents. Case-Laws Income Tax Fri, 19 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464986