https://www.taxtmi.com/caselaws?id=783500 ITAT Delhi allowed the assessee's appeal and quashed the revisionary order passed u/s 263. It held that the assessment u/s 153C had been completed after obtaining mandatory prior approval u/s 153D from the competent authority (Adl. CIT/JCIT), and such approval formed part of the "record" for purposes of examining whether the assessment was erroneous and prejudicial to the interests of the Revenue. Since the PCIT neither challenged nor recorded any finding that the approval u/s 153D was vitiated or erroneous, the assessment order could not independently be branded as erroneous and prejudicial. Consequently, assumption of jurisdiction u/s 263 was held invalid. en-us Fri, 12 Dec 2025 00:00:00 +0530 Wed, 17 Dec 2025 08:28:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783500 ITAT Delhi allowed the assessee's appeal and quashed the revisionary order passed u/s 263. It held that the assessment u/s 153C had been completed after obtaining mandatory prior approval u/s 153D from the competent authority (Adl. CIT/JCIT), and such approval formed part of the "record" for purposes of examining whether the assessment was erroneous and prejudicial to the interests of the Revenue. Since the PCIT neither challenged nor recorded any finding that the approval u/s 153D was vitiated or erroneous, the assessment order could not independently be branded as erroneous and prejudicial. Consequently, assumption of jurisdiction u/s 263 was held invalid. Case-Laws Income Tax Fri, 12 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783500