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Rs. 113.46 Crore Section 68 Addition Fails Due to Jurisdictional Defect
Case Law Details
- Case Name
- Aadarsh Surana Vs DCIT (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Chennai
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Aadarsh Surana Vs DCIT (ITAT Chennai)
Limited Scrutiny Breach Proves Fatal: ITAT Chennai Quashes ₹113.46 Cr Section 68 Addition for Want of PCIT Approval
Chennai ITAT has allowed the Assessee’s appeal & quashed the assessment order u/s 143(3) holding it to be void ab initio, as the AO illegally travelled beyond the scope of limited scrutiny without obtaining mandatory prior approval of the PCIT, in clear violation of binding CBDT Instructions.
Assessee’s case was selected for limited scrutiny only on two issues — (i) expenses relating to exempt income & (ii...
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