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ITAT held that the Assessing Officer acted within the bounds of limited scrutiny under CASS, rejecting the assessee's contention that the AO exceeded the prescribed scope; additions disallowing royalty payments (relating to scrap) and restrictions on carry-forward losses based on earlier s.143(3) assessments were sustained on merits. However, issues concerning disallowance under s.40(a) for royalty and SAP maintenance expenses, and the quantum of carry-forward losses insofar as they depend on contested additions in earlier years, were remitted to the file of the Ld. CIT(A) for reconsideration. The appeal was therefore partly allowed for statistical purposes.
ITAT held that the Assessing Officer acted within the bounds of limited scrutiny under CASS, rejecting the assessee's contention that the AO exceeded the prescribed scope; additions disallowing royalty payments (relating to scrap) and restrictions on carry-forward losses based on earlier s.143(3) assessments were sustained on merits. However, issues concerning disallowance under s.40(a) for royalty and SAP maintenance expenses, and the quantum of carry-forward losses insofar as they depend on contested additions in earlier years, were remitted to the file of the Ld. CIT(A) for reconsideration. The appeal was therefore partly allowed for statistical purposes.
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