Additional disallowance without converting limited scrutiny to complete scrutiny unsustainable

Muniyappa Muniraju Vs ITO (ITAT Bangalore) ITAT Bangalore held that disallowance of deduction claimed u/s 54F unjustified as no steps were taken to convert the limited scrutiny into complete scrutiny. Accordingly, disallowance deleted. Facts- The assessee is carrying on the business of civil works contract. The assessee declared his business income u/s. 44AD of the IT Act, 1961 on presumptive basis at 8% on the amount received and deposited the receipts to two bank accounts maintained in Canara Bank and State Bank of India. AO accepted this return of income and income offered u/s. 44AD on the ...