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2023 (4) TMI 950 - HC - Income TaxRevision u/s 263 - assessee has made purchases in cash in contravention of the provisions of section 40A(3) - HELD THAT:- Tribunal has rightly observed that there was an audit objection by the Internal audit party. It is apparent from the audit objection filed the selection of the scrutiny in case of the assessee was also only on the parameters of AIR information. According to para number 2 (il) the scope of enquiry should be limited only on that aspect only. In such cases, the assessing officer are also directed to confine themselves by questionnaire only to the specific issues pertaining to AIR data and further the wider scrutiny in those cases can only be conducted as per the guidelines and procedures stated in Instruction number 7/2014. According to us when the learned assessing officer was not required to enquire on those issues such as purchases in cash more than specified sum, the learned CIT was not correct in holding that the learned assessing officer has not made due inquiries on that ground as the verification of the purchases exceeding specified limit in cash was not an issue before the assessing officer. Naturally, he should not have made any enquiry on that aspect. Even though the learned assessing officer has raised the specific questions on that aspect and verified the requisite detail. The order passed by the Tribunal has been passed after going through the entire record in detail. No substantial question of law.
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