ITAT quashes Search Assessment without lack of Proper Approval u/s 153D

ITAT quashes search assessments due to the lack of proper approval under Section 132D. The Tribunal ruled that the assessments made by the tax authorities were invalid as they lacked the necessary legal approval required for such actions. This decision underscores the importance of following due process and adhering to legal protocols in tax investigations. The ruling reinforces the need for tax authorities to ensure that all necessary approvals are obtained before initiating actions such as searches and assessments. The ITAT’s decision is significant in ensuring the protection of taxpayers' rights and promoting accountability in tax administration.