Initiation of revisionary proceedings u/s 263 on aspects outside the scope of limited scrutiny untenable

Preetiben Chhatrasingh Chauhan Vs PCIT (ITAT Surat) ITAT Surat held that AO cannot go beyond reason for which matter was selected for limited scrutiny. Thus, PCIT cannot pass revisionary order u/s. 263 of the Income Tax Act on other aspects outside the scope of limited scrutiny. Facts- The assessee earned income from house property, business, agriculture income, and income from other sources during the year. The case was selected for limited scrutiny assessment, on the issue that assessee has introduced capital during the year, which is very high as compared to the profit after tax of the ass...