https://www.taxtmi.com/caselaws?id=354333 In limited scrutiny, the Assessing Officer may examine matters that arise directly from the lead material on which the case was selected, and consequential additions based on that enquiry do not exceed jurisdiction. On the facts, cash deposit information led to examination of the source of the deposit and related capital gain claim, so the jurisdictional challenge failed. However, the first appellate authority had ruled only on jurisdiction and had not adjudicated the substantive additions concerning long-term capital gain, expenses, and deduction. Those merits issues were therefore restored for fresh, reasoned adjudication. en-us Fri, 19 Jan 2018 00:00:00 +0530 Wed, 24 Jan 2018 08:28:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354333 In limited scrutiny, the Assessing Officer may examine matters that arise directly from the lead material on which the case was selected, and consequential additions based on that enquiry do not exceed jurisdiction. On the facts, cash deposit information led to examination of the source of the deposit and related capital gain claim, so the jurisdictional challenge failed. However, the first appellate authority had ruled only on jurisdiction and had not adjudicated the substantive additions concerning long-term capital gain, expenses, and deduction. Those merits issues were therefore restored for fresh, reasoned adjudication. Case-Laws Income Tax Fri, 19 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354333