Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2021 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (3) TMI 649 - AT - Income TaxRevision u/s 263 - case of the assessee was picked up for scrutiny under the category of limited scrutiny - HELD THAT:- As per CBDT Instruction No. 7/2014, CBDT Instruction No. 20/2015 and CBDT Instruction No. 5/2016 and CBDT Letter dated 30.11.2017 - It’s not open for the learned Assessing Officer to travellers beyond the reason for selection of the matter for limited scrutiny and on that aspect the assessment order in this case is in accordance with the instructions governing the field. See THE DECCAN PAPER MILLS CO. LTD. [2017 (10) TMI 1495 - ITAT PUNE] and M/S R. AND H. PROPERTY DEVELOPER, PVT. LTD [2019 (7) TMI 1534 - ITAT MUMBAI] When the assessing officer is bound to follow the CBDT instructions and while following such instructions and after verification of the material furnished by the assessee on the aspect covered by the limited scrutiny, is not open for the Ld. PCIT to say that not adverting to the other aspects of the competition would render the assessment order erroneous and prejudicial to the interest of the Revenue. With this view of the matter we find that the impugned order cannot be sustained and, therefore, the same is liable to be quashed. We accordingly quash the same.
|