Section 263 ProceedingsĀ cannot Address issues Beyond Limited Scrutiny Under CASS: ITAT set aside Pr.CIT order [Read Order]

The tribunal ruled that issues outside the scope of the limited scrutiny cannot be addressed under section 263 of the Income Tax Act,1961
By Sneha Sukumaran Mullakkal - On August 8, 2024 4:00 pm - 3 mins read
ITAT - ITAT Indore - Pr.CIT order - Section 263 Income tax act - Limited Scrutiny - CASS - taxscan

The Indore bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the Principal Commissioner of Income Tax’s ( Pr. CIT ) order under section 263 of the Income Tax Act, 1961, which had annulled the Assessing Officer’s ( AO ) assessment and mandated a new assessment, was not justified. Avinash Chalana and Company,…

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