https://www.taxtmi.com/caselaws?id=408079 The Tribunal allowed the appeal, finding the conversion of limited scrutiny to full scrutiny assessment invalid due to lack of credible reasons and compliance with CBDT instructions. Disallowance of expenses on an ad hoc basis without substantial evidence was deemed unsustainable, leading to their deletion. Emphasizing adherence to CBDT instructions, the Tribunal highlighted the necessity of justifying scrutiny conversions with credible material. The judgment stressed the importance of conducting assessments based on valid reasons and procedural guidelines to ensure fairness in tax proceedings. en-us Mon, 24 May 2021 00:00:00 +0530 Mon, 31 May 2021 08:35:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408079 The Tribunal allowed the appeal, finding the conversion of limited scrutiny to full scrutiny assessment invalid due to lack of credible reasons and compliance with CBDT instructions. Disallowance of expenses on an ad hoc basis without substantial evidence was deemed unsustainable, leading to their deletion. Emphasizing adherence to CBDT instructions, the Tribunal highlighted the necessity of justifying scrutiny conversions with credible material. The judgment stressed the importance of conducting assessments based on valid reasons and procedural guidelines to ensure fairness in tax proceedings. Case-Laws Income Tax Mon, 24 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408079