Limited Scrutiny Breach: AO Cannot Travel Beyond Statutory Scope – ITAT Raipur

Mohammad Parvez Alam Vs ITO (ITAT Raipur) Scope of Limited Scrutiny Breached -AO Cannot Travel Beyond Limited Scrutiny without proper approval Assessee had taken loan of Rs. 12,34,078/- from his wife Smt. Raziya Khan. AO, while scrutinising the balance sheet, enquired into the genuineness & creditworthiness of the loan & since the Assessee failed to furnish supporting documents, AO made addition of Rs. 12,34,078/- u/s 68. CIT(A) upheld the addition. Before Tribunal, it was argued that the case was selected for limited scrutiny only for verifying cash deposits during the year. AO, after...