https://www.taxtmi.com/caselaws?id=412116 The Tribunal held that the Principal Commissioner of Income Tax (PCIT) exceeded jurisdiction by addressing a deduction claim under Section 80IA, not part of the limited scrutiny scope. The PCIT's order under Section 263 was quashed as the AO's failure to examine the claim did not render the assessment order erroneous. Regarding the excess claim of depreciation on road construction under BOT agreements, the Tribunal found the AO had correctly allowed amortization in line with CBDT Circular No. 09/2014. The AO's order was upheld, and the appeal of the assessee was allowed. en-us Tue, 07 Sep 2021 00:00:00 +0530 Thu, 09 Sep 2021 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412116 The Tribunal held that the Principal Commissioner of Income Tax (PCIT) exceeded jurisdiction by addressing a deduction claim under Section 80IA, not part of the limited scrutiny scope. The PCIT's order under Section 263 was quashed as the AO's failure to examine the claim did not render the assessment order erroneous. Regarding the excess claim of depreciation on road construction under BOT agreements, the Tribunal found the AO had correctly allowed amortization in line with CBDT Circular No. 09/2014. The AO's order was upheld, and the appeal of the assessee was allowed. Case-Laws Income Tax Tue, 07 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412116