Navratan Management (P) Ltd. v. DCIT (2025) 237 TTJ 1059 (Mum) (Trib)

S. 153D: Assessment-Search-Approval-The approval should not be rubber-stamping and a mere factual formality-Assessment was quashed. [S. 132, 153A, 153B]

 

Held that the approval under S. 153D under consideration is not based on examination of any relevant documents and has been accorded in haste and therefore lacks application of mind; same suffers from perversity and impropriety and consequently is not sustainable. The assessment order was quashed.  (AY.2017-18)

Leave a Reply

Your email address will not be published. Required fields are marked *

*