Limited Scrutiny Means Limited Powers: Additions Beyond CASS Scope Quashed by ITAT

Ladderup Finance Limited Vs Circle 14(1)(1) (ITAT Mumbai) Limited Scrutiny Means Limited Powers: Additions Beyond CASS Scope Quashed by ITAT The Mumbai Bench of the ITAT held that in a case selected for limited scrutiny under CASS, the Assessing Officer has no jurisdiction to examine or make additions on issues beyond the specific reasons for selection, unless the case is formally converted into complete scrutiny with prior written approval of the Pr. CIT/CIT, as mandated by CBDT Instruction No. 20/2015 dated 29.12.2015. In the present case, the assessee’s return for AY 2015-16 was selected...