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Income Tax - Highlights / Catch Notes

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Validity of converting the “limited scrutiny” into “complete ...


Tribunal Quashes Assessment Order: A.O Exceeded Jurisdiction in Limited Scrutiny Case.

January 30, 2024

Case Laws     Income Tax     AT

Validity of converting the “limited scrutiny” into “complete scrutiny” - The tribunal found substance in the claim of the AR that the A.O had clearly exceeded his jurisdiction by making disallowances/additions which never formed the basis for selection of the case of the assessee company for “limited scrutiny”. - Following the order the of the Co-ordinate Bench of the Tribunal, Raipur in the case of Aryadeep Complex (P) Ltd., the assessment order u/s 143(3) quashed.

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