The Income Tax Appellate Tribunal (ITAT) has quashed an assessment order wherein the Assessing Officer (AO) made an addition of ₹3.47 crore under Section 68 of the Income Tax Act despite the case being selected for limited scrutiny under Section 56(2)(viib). The bench of Challa Nagendra Prasad (Judicial Member) and Brajesh Kumar Singh (Accountant Member)…
Limited Scrutiny Can’t Be Expanded Without Approval: ITAT Quashes Rs. 3.47 Cr Addition U/S 68
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.
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