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2022 (3) TMI 1233 - ITAT CHENNAIRevision u/s 263 - Case of limited scrutiny to verify large cash deposits into savings bank account - HELD THAT:- AO has completed assessment after verifying cash deposits in savings bank account and has made additions, when the assessee was unable to explain source for part of cash deposits. It is an admitted position of law that in limited scrutiny assessments, scope of verification is limited to the issues mentioned in the notice issued under CASS system. AO cannot travel beyond the issues on which assessment has been taken up for scrutiny - once the AO does not have power to go beyond the issues on which he has taken up case for scrutiny, then obviously, PCIT cannot term the assessment order passed by the AO as erroneous, insofar as it is prejudicial to the interests of revenue on issues other than the issue taken up by the Assessing Officer in scrutiny assessment proceedings. In this case, on perusal of materials available on record, we find that the learned PCIT has revised assessment order on the issues other than the issue considered by the AO in assessment proceedings - PCIT has exceeded her jurisdiction in examining issues other than the issues which is subject matter of limited scrutiny assessment proceedings before the AO. Hence, we are of the considered view that revision order passed by the learned PCIT u/s.263 - Appeal of assessee allowed.
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