AO Cannot Travel Beyond Scope of Section 263 Directions – ITAT Upholds Deletion of Fresh Additions

ACIT Vs Ajay Kumar (ITAT Delhi) AO Cannot Travel Beyond Scope of Section 263 Directions – ITAT Upholds Deletion of Fresh Additions The Delhi ITAT dismissed the Revenue’s appeal and upheld the CIT(A)’s order deleting additions made by the Assessing Officer while passing order u/s 143(3) r.w.s. 263 in the case of the assessee. The Tribunal held that once the Principal CIT had set aside the original assessment only for limited verification of agricultural income credited to the capital account, the AO could not expand the scope of proceedings and once again estimate business profits or ...