https://www.taxtmi.com/caselaws?id=409298 The Tribunal ruled in favor of the assessee, holding that the Assessing Officer exceeded jurisdiction by making additions unrelated to the initial reasons for assessment. Citing legal principles established by the Hon'ble Delhi High Court and other judicial precedents, the Tribunal deleted the contested additions of advances received and disallowances under section 14A. The Tribunal emphasized that the AO's jurisdiction is limited to issues for which proceedings were initiated, ultimately allowing the appeal of the assessee. en-us Wed, 23 Jun 2021 00:00:00 +0530 Mon, 05 Jul 2021 08:25:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409298 The Tribunal ruled in favor of the assessee, holding that the Assessing Officer exceeded jurisdiction by making additions unrelated to the initial reasons for assessment. Citing legal principles established by the Hon'ble Delhi High Court and other judicial precedents, the Tribunal deleted the contested additions of advances received and disallowances under section 14A. The Tribunal emphasized that the AO's jurisdiction is limited to issues for which proceedings were initiated, ultimately allowing the appeal of the assessee. Case-Laws Income Tax Wed, 23 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409298