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ITAT Delhi Quashes Additions Made Beyond Limited Scrutiny Scope
Case Law Details
- Case Name
- DCIT Vs Rakesh Arora (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Delhi
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DCIT Vs Rakesh Arora (ITAT Delhi)
ITAT Delhi Quashes Additions Made Beyond Limited Scrutiny Scope – CBDT Instructions Held Mandatory
In a significant ruling on the sanctity of Limited Scrutiny, the ITAT Delhi dismissed the Revenue’s appeal and upheld the deletion of additions of Rs. 1.69 crore u/s 2(22)(e) and Rs. 4.65 crore u/s 69A. The Tribunal noted that the case was selected only to verify disclosure of securities and derivative transactions, yet the AO proceeded to examine unrelated issues and made substantive additions without converting the case into Complete Scruti...
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