New issue cannot be raised by Department while filing Cross Objection

Dishman Infrastructure Ltd. Vs ITO (ITAT Ahmedabad) As far as cross objection of the Revenue in the assessee’s appeal is concerned, the ground reads as under: 1) In case the Hon’ble Tribunal is inclined to agree with the CIT(A) that the expenditure were non- genuine then, at the same time, it should also be held that the AO should have liberty to recast the Balance sheet of the assessee as the CWIP is a part of Balance sheet and not routed through Profit & Loss account and therefore the AO should take consequential action. By way of present ground of CO, the Revenue intends to rake...