BISHNU TRANSPORT COMPANY,DHANBAD vs. DCIT/ACIT, CIRCLE-1,, DHANBAD

In the result, the appeal of the assessee is allowed

Bench: SHRI SONJOY SARMA, JUDICIAL MEMBER SHRI RATNESH NANDAN SAHAY (Accountant Member)

u/s 151 of the Act is hereunder: 6. On the other hand, the learned DR supported the orders of the lower authorities and submitted that approval under section 151of the Act was obtained. However, he could not controvert the assessee’s contention that the approval suffers from a fundamental infirmity, as it assessee. 7. We have heard the rival submissions