No Section 263 Revision for Non-Limited Scrutiny Issues in Limited scrutiny cases: ITAT

Epimoney Private Limited Vs ITO (Chennai ITAT) ITAT Clarifies: No Section 263 Revision for Non-Limited Scrutiny Issues in Limited Scrutiny Cases In a recent decision by the Income Tax Appellate Tribunal (ITAT) Chennai, the case of Epimoney Private Limited Vs Income Tax Officer (ITO) was heard. The appeal was directed against the order of the Principal Commissioner of Income Tax-Chennai 3, Chennai, dated 30.03.2023, relevant to the assessment year 2018-19, passed under section 263 of the Income Tax Act, 1961. Background: Epimoney Private Limited had filed its return of income for the assessmen...