CIT by exercising revisional jurisdiction cannot expand AO’s limited scrutiny

Taj Paul Bhardwaj Vs PCIT (ITAT Chandigarh)

Conclusion: Since AO passed the assessment order and accepted the return filed by assessee after examining the issue regarding increase in capital account as assessee had credited his capital account with agricultural income and the capital gain from sale of flats and had reflected that same in its capital account, therefore, CIT had exceeded jurisdiction under section 263 by directing AO to make fresh assessment on the issues which were not the subject matter of t

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