ITAT Ahmedabad Quashes Addition as AO Exceeded Limited Scrutiny Scope

Advertisement Narendrakumar Rameshbhai Patel Vs DCIT (ITAT Ahmedabad) The appeal before the Income Tax Appellate Tribunal (ITAT), Ahmedabad arose from the order of the Commissioner of Income Tax (Appeals) for Assessment Year 2015-16. The assessee challenged, among other issues, the Assessing Officer’s (AO) expansion of a limited scrutiny assessment into a complete scrutiny without obtaining the approval required under CBDT instructions, the treatment of capital gains as business income, and the disallowance of deduction under Section 54F. The assessee had sold a 30% share in a jointly own...