PCIT cannot pass revision order on issues which are not subject matter of limited scrutiny assessment proceedings

Yuvaraj Vs ITO (ITAT Chennai)

We find that the assessment for the impugned assessment year has been taken up for limited scrutiny to verify large cash deposits into savings bank account and the Assessing Officer has completed assessment after verifying cash deposits in savings bank account and has made additions, when the assessee was unable to explain source for part of cash deposits. It is an admitted position of law that in limited scrutiny assessments, scope of verification is limited to the issues mentioned in the notice issued under CASS system.Please become a Premium member. If you are already a Premium member, login here to access the full content.