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2024 (1) TMI 60 - AT - Income TaxRevision u/s 263 - assessment order was for limited scrutiny assessment and the PCIT now want to enlarge the scope of limited scrutiny by setting aside assessment order - deduction from income from other sources u/s 57 - maintenance charges collected by the assessee are assessed as income from other sources whether the expenses claimed by the assessee are allowable u/s 57?- HELD THAT:-Assessee drew our attention to all the replies filed by the assessee before the Assessing Officer. Further, assessee drew our attention to notice issued u/s. 142(1) wherein the Assessing Officer had required the assessee to explain only the large deduction claimed u/s. 57 of the Act. Even the assessee has replied complete queries regarding the claim of deduction u/s. 57 of the Act and specifically it is a simplicater case of limited scrutiny assessment. As urged by the ld. Counsel that this issue is now squarely covered by the decision of Hon’ble Madras High Court in the case of CIT vs. Smt. Padmavathi, [2020 (10) TMI 425 - MADRAS HIGH COURT].On this short premise, the revision order will go. Accordingly, we quash the revision order passed by PCIT and allow the appeal of assessee.
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