https://www.taxtmi.com/caselaws?id=296115 The Tribunal ruled in favor of the assessee, finding the Ld. PCIT's invocation of revisional jurisdiction under section 263 of the Income Tax Act, 1962 unjustified. The limited scrutiny conducted under CASS restricted the scope of assessment, and the Ld. PCIT's attempt to expand beyond this was deemed inappropriate. Compliance with the CBDT circular was crucial, and legal precedents emphasized the need to adhere to limited scrutiny parameters. Consequently, the Tribunal quashed the show cause notice and declared subsequent proceedings null and void, allowing the assessee's appeal based on established legal principles and precedents. en-us Wed, 27 Jan 2021 00:00:00 +0530 Mon, 05 Jul 2021 08:24:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296115 The Tribunal ruled in favor of the assessee, finding the Ld. PCIT's invocation of revisional jurisdiction under section 263 of the Income Tax Act, 1962 unjustified. The limited scrutiny conducted under CASS restricted the scope of assessment, and the Ld. PCIT's attempt to expand beyond this was deemed inappropriate. Compliance with the CBDT circular was crucial, and legal precedents emphasized the need to adhere to limited scrutiny parameters. Consequently, the Tribunal quashed the show cause notice and declared subsequent proceedings null and void, allowing the assessee's appeal based on established legal principles and precedents. Case-Laws Income Tax Wed, 27 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296115