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Tribunal Invalidates Assessment: Section 153A Breached Due to Flawed Approval by Assistant Commissioner u/s 153D.
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....Validity of assessment u/s 153A - Tribunal was right that there was absence of application of mind by the ACIT in granting approval under Section 153D. It is not an exercise dealing with a immaterial matter which could be corrected by taking recourse to Section 292B of the Act.- HC....
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