Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2023 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2023 (8) TMI 429 - AT - Income TaxRevision u/s 263 by CIT - original assessment came to be passed u/s. 143(3) in the limited scrutiny - HELD THAT:- The issues raised by the Pr. CIT in his revisionary order u/s. 263 admittedly have no relationship to the issues on which ‘limited scrutiny’ had been initiated. As in the case of Shark Mines and Minerals Pvt Ltd.[2023 (3) TMI 324 - ORISSA HIGH COURT] has categorically upheld the findings that unconnected issues to the assessment order which is the subject matter of limited scrutiny could not be used to treat the ‘limited scrutiny assessment order’ as erroneous and prejudicial to the interest of the revenue. Thus as the issues raised by the Pr. CIT in the revision order is unconnected to the issues in the ‘limited scrutiny assessment’ the revisionary order passed by the Pr. CIT is found to be unsustainable and consequently, same stands quashed. Appeal of assessee allowed.
|