PCIT cannot go beyond Limited Scrutiny – Revision u/s 263 Quashed

Kalpesh Dhanjibhai Makasana Vs PCIT (ITAT Ahmedabad) Ahmedabad  Tribunal in quashed a revision order passed u/s 263, holding that PCIT could not invoke revisionary powers on issues outside the scope of limited scrutiny. Assessee, an individual & director in a private company, filed return declaring income of Rs.6.12 crores. The case was selected for limited scrutiny to verify deduction u/s 80G. AO issued notices, examined donation of Rs.65 lakhs made to a trust through banking channels, verified supporting evidence including 80G(5)(vi) approval, & accepted the return u/s 143(3). PCIT ...