Section 263 Jurisdiction cannot exceed to issues not forming part of Limited scrutiny

Aggarwal Promoters Vs PCIT (ITAT Chandigarh)

Introduction: This article delves into the case of “Aggarwal Promoters Vs PCIT” heard by the Income Tax Appellate Tribunal (ITAT) in Chandigarh. The central focus of this case is the application of Section 263 of the Income Tax Act, emphasizing the restriction of jurisdiction when dealing with issues that do not form part of a limited scrutiny assessment.

Detailed Analysis:

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