Assessing Officer approved Assessment Order as per 153D of IT Act: ITAT dismisses the Appeal challenging the Approval

The Delhi Income Tax Appellate Tribunal (ITAT) dismissed an appeal challenging the approval of an assessment order under Section 153D of the Income Tax Act. The Assessing Officer (AO) had approved the assessment order as per the provisions of the Act. The case involved Aravali Infrabuild Private Limited, which filed three appeals against the assessment orders. The ITAT found that the AO had followed the necessary procedures and obtained the required approvals from the Joint Commissioner before finalizing the assessment. This decision underscores the importance of adhering to statutory requirements and procedural fairness in tax assessments, ensuring that higher authorities review and approve significant decisions to maintain the integrity of the tax administration process.