TMI Blog2019 (12) TMI 1539X X X X Extracts X X X X X X X X Extracts X X X X ..... HAT:- In this case, the Assessing Officer has already verified those issues for which limited scrutiny was conducted. Commissioner of Income Tax wants the Assessing officer to look into various other issues of the assessee which were not covered within the purview of the limited scrutiny. This is not permitted within the framework of the Income Tax Act. Further on perusal of the CBDT Circular a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... JJ. Assessee by : Shri Girish Ladda Revenue by : Shri S.B Prasad ORDER PARTHA SARATHI CHAUDHURY, J. This appeal preferred by the assessee emanates from the order of the Ld. Pr. Commissioner of Income Tax-1, Aurangabad dated 22.03.2019 passed u/s.263 of the Income Tax Act, 1961 (hereinafter referred to as the Act‟) for the assessment year 2014-15 as per the grounds ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d have accepted the income filed by the assessee. As per Para 3 of the assessment order, it clearly states After verification of information as available on the records, information filed during the course of assessment proceedings and after verification of books of accounts, the income filed by the assessee is hereby accepted. 4. The Ld. Pr. Commissioner of Income Tax on the other hand invok ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... me Tax Act. 5. That further on perusal of the CBDT Circular and the facts of the case, it is clear that the order of the Assessing Officer is neither erroneous nor prejudicial to the interest of the Revenue. The Hon‟ble Supreme Court of India in the case of Malabar Industrial Co. Ltd., (2000) 243 ITR 83(SC) has specifically held that in order to assume the revisionary jurisdiction u/s.26 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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