Addition based on reasons beyond limited scrutiny is unsustainable

Madhusoodan Paliwal Vs ITO (ITAT Jodhpur)

ITAT Jodhpur held that addition on the basis of reasons not forming limited scrutiny is unsustainable as Assessing Authority cannot exceed the jurisdiction beyond the reasons specified for limited scrutiny.

Facts- The case of the assessee was selected for limited scrutiny for the reason large cash deposits in saving bank accounts and the assessee had also transferred one or more properties during the year. Thereafter, AO assessed t

Please become a Premium member. If you are already a Premium member, login here to access the full content.