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2023 (1) TMI 603 - AT - Income TaxScope of assessment by converting limited scrutiny to complete scrutiny while completing the assessment u/s 143(3) - cash deposits in his bank account during demonetization period - Deduction u/s 54F - assessee had purchased the property in the name of his son - HELD THAT:- On perusal of the order of AO, we found that Assessing Officer had restricted the case to limited scrutiny under CASS for verification of cash deposits into the bank account of assessee and the other issue of claim of deduction by the assessee u/s 54F was interlinked with the core issue. While doing so, AO had sought various details besides the source for the cash deposits. The issue in the present appeal is with respect to addition on account of capital gains from sale of immovable property. In our view, the AO was within his right to examine the issue before us and we do not find any fault on the part of Assessing Officer to deny the deduction in the case selected for limited scrutiny. From the perusal of the order of ld.CIT(A) and the grounds raised before him, it is clear that the issue raised before the ld.CIT(A) was restricted to the deduction claimed and the assessee has not stated that the agricultural land sold by the assessee is not a capital asset within the meaning of Income Tax Act. In our view, the order of ld.CIT(A) is in accordance with the authoritative pronouncement of Ganta Vijaya Lakshmi [2014 (4) TMI 1226 - ANDHRA PRADESH HIGH COURT] and therefore, we do not find any reason to interfere with the order of ld.CIT(A). Accordingly, the appeal of the assessee is dismissed.
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