Assessment can’t exceed prescribed Scope of “Limited Scrutiny” invoking Revisionary jurisdiction u/s 263 of Income Tax Act: ITAT [Read Order]

Assessment - exceed - prescribed - Scope - Limited Scrutiny - invoking - Revisionary - jurisdiction - Income Tax Act - ITAT - taxscan

The Pune bench of the Income Tax Appellate Tribunal (ITAT) held that the assessment cannot exceed the prescribed scope of the limited scrutiny invoking the revisionary jurisdiction under Section 263 of the Income Tax Act, 1961. The assessee is a public charitable trust engaged in running and maintaining a marriage hall etc., and had filed…

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