2026 (4) TMI 170

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....PARTHA SARATHI CHAUDHURY, JM The 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 a....

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.... copy of the approval u/s.151 of 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 consi....

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....mal rather than meaningful, which 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....