2026 (4) TMI 170

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....he present appeal preferred by the assessee emanates from the order of the Ld.CIT(Appeals)/NFAC, dated 31.10.2025 for the assessment year 2014-15 as per the grounds of appeal on record. 2. In this case, the assessee has raised both legal grounds as well as grounds on merits. The Ld. Counsel for the assessee submitted that he would assail the legal ground first and if the said legal ground is an....

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....the Act filed in the paper book and therein itself under the head approval details/remark of approving authority, it is just written the word "Approved". 5. Per contra, the Ld. Sr. DR vehemently supported the findings of the Revenue authorities. 6. Having heard the submissions of the parties herein and considering the judicial pronouncement, I am of the considered view that the issue raised ....

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.... is the rationale for the safeguard of an approval by a higher ranking officer. For these reasons, the Court is satisfied that the findings by the ITAT cannot be disturbed. 12. The substantial questions of law framed are answered in favour of the assessee and against the Revenue. The appeal is dismissed." 7. Respectfully following the aforesaid judicial pronouncement, on the same parit....