Approval Granted u/s 153 D clearly indicates Approving Authority neither Examined Assessment Records nor Seized Materials: ITAT quashes Assessment Order [Read Order]

The approval granted under Section 153D of the Income Tax Act, 1961, clearly indicates that the Approving Authority has neither examined the assessment records nor the seized materials
Section 153D Income tax act - Assessment Order - Assessment records - ITAT - taxscan

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the assessment order, stating that the approval granted under Section 153D clearly indicates the approving authority neither examined the assessment records nor the seized materials. The assessee MDLR Airline (P) Ltd was a resident corporate entity, stated to be engaged in the…

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