https://www.taxtmi.com/caselaws?id=393817 The Tribunal allowed the appeal on procedural grounds, finding that the Assessing Officer exceeded his jurisdiction by expanding limited scrutiny without proper approvals, leading to the invalidation of the assessment order. The reclassification of income from capital gains to business income and subsequent disallowance of deductions were deemed unauthorized. The Tribunal emphasized procedural lapses and did not address the substantive issues on their merits, partially allowing the appeal based on the procedural irregularities. en-us Fri, 20 Mar 2020 00:00:00 +0530 Mon, 23 Mar 2020 13:15:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393817 The Tribunal allowed the appeal on procedural grounds, finding that the Assessing Officer exceeded his jurisdiction by expanding limited scrutiny without proper approvals, leading to the invalidation of the assessment order. The reclassification of income from capital gains to business income and subsequent disallowance of deductions were deemed unauthorized. The Tribunal emphasized procedural lapses and did not address the substantive issues on their merits, partially allowing the appeal based on the procedural irregularities. Case-Laws Income Tax Fri, 20 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393817