No Revision Order can be passed u/s 263 of Income Tax Act  against  issues which are not arising out of Limited Scrutiny: ITAT upholds Assessment Order [Read Order]

According to the Chennai bench of the Income Tax Appellate Tribunal (ITAT), no revision order under Section 263 of the Income Tax Act, 1961 may be issued for matters that do not result from a limited scrutiny.
By Aparna. M - On December 27, 2023 9:02 am - 2 mins read
Revision Order - Income Tax Act - Limited Scrutiny - Assessment Order - itat chennai - TAXSCAN

The Income Tax Appellate Tribunal (ITAT), Chennai bench, held that no revision order could be passed under Section 263 of the Income Tax Act, 1961, against issues not arising out of limited scrutiny. Therefore, the bench upheld the assessment order. The assessee, Epimoney Private Limited, had filed its return of income for the assessment year…

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