ITAT quashes Assessment over Lack of Independent Verification in S.153D Approval

The ITAT quashed an assessment due to the lack of independent verification in the Section 153D approval process. The tribunal emphasized that the approval for assessment must be based on a proper application of mind and independent scrutiny of the Assessing Officer's findings. A mechanical approval without such verification is not valid. This ruling reinforces the importance of due diligence and proper legal procedures in tax assessments. It protects taxpayers from assessments lacking adequate scrutiny.