ITAT Delhi Quashes Additions Made Beyond Limited Scrutiny Scope

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 i

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