ITAT Quashes Income Tax Assessment: AO Exceeded Limited Scrutiny Scope

Weilburger Coatings (India) Pvt. Ltd. Vs DCIT (ITAT Kolkata) In a recent ruling, the Income Tax Appellate Tribunal (ITAT) Kolkata, in the case of Weilburger Coatings (India) Pvt. Ltd. vs. DCIT, has quashed an assessment order, citing that the Assessing Officer (AO) exceeded the defined scope of a limited scrutiny. The Tribunal’s decision, pronounced on March 28, 2023, underscores the binding nature of Central Board of Direct Taxes (CBDT) instructions regarding the conversion of limited scrutiny cases to complete scrutiny. The case revolved around the assessment year 2015-16. Weilburger C...