Limited Scrutiny can be changed to Regular Assessment with Approval of Competent Authority: ITAT [Read Order]

Limited Scrutiny - assessment - competent authority - ITAT - Taxscan

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that limited scrutiny can be changed to the regular assessment with the approval of the competent authority. The assessee claimed to have earned income under the head capital gain and other sources. The assessee sold a piece of land in which he held his…

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