CBDT Instructions/Circulars binding on AO: ITAT quashes Assessment Violating Norms of Limited Scrutiny [Read Order]

CBDT Instructions - CBDT - Circulars - ITAT - Assessment - Limited Scrutiny - taxscan

The Income Tax Appellate Tribunal (ITAT), Delhi bench, while quashing an income tax assessment passed in violation of the norms of the limited scrutiny, has held that the instructions/circulars issued by the Central Board of Direct Taxes (CBDT) are binding on the Assessing Officer. While processing the income tax returns of the assessee, the assessing…

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