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PCIT exercising suo motu revisional power cannot travel beyond scope of limited scrutiny in original order
Case Law Details
- Case Name
- PCIT Vs Shark Mines and Minerals Pvt. Ltd. (Orissa High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All High Courts, Orissa High Court
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PCIT Vs Shark Mines and Minerals Pvt. Ltd. (Orissa High Court)
Orissa High Court held that while exercising suo motu revisional power u/s. 263 of the Act, the CIT cannot travel beyond the scope of the issues which form part of the ‘limited scrutiny’ in the original Assessment Order.
Facts- The original assessment in the case of the Assessee came to be completed u/s. 143(3) by the AO by the Assessment Order dated 23rd November, 2016 in the ‘limited scrutiny’ category where the issue was “excess liability shown and disallowance u/s. 40A(3) of the Act.”
When the Pr. C...
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